Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ELVT | Restricted Shares Units (RSU) | Award | $0 | +100K | $0.00 | 100K | Dec 17, 2021 | Common Stock | 100K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock. |
F2 | The Company's Independent Director Compensation Policy ("Policy") limits the maximum number of shares that can be awarded to an Independent Director per calendar year to be no more than 100,000 shares. Under this Policy, the shares awarded will be reduced as necessary and any remaining value of the grant shall be provided in the form of a cash award with the same vesting schedule as the corresponding equity grant. There is a total of 3,093 shares that exceed the Policy limit at a price of $2.91 for a total of $9,000. |
F3 | The RSUs were granted on December 17, 2021. One-third (1/3) of the applicable RSUs and cash vest on each anniversary of December 17, 2021 such that the RSUs and cash shall be fully vested on December 17, 2024. |