Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SPWR | Restricted Stock Units (RSUs) | Award | $0 | +136K | $0.00 | 136K | Feb 28, 2023 | Common Stock | 136K | Direct | F1, F2 | ||
transaction | SPWR | Performance Based Restricted Stock Units (PSUs) | Award | $0 | +87.5K | $0.00 | 87.5K | Feb 28, 2023 | Common Stock | 87.5K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. |
F2 | RSUs shall vest in four equal annual installments on each of March 1, 2024, March 1, 2025, March 1, 2026 and March 1, 2027. |
F3 | Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. |
F4 | On March 16, 2022, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on February 28, 2023 and, based on that assessment, determined the number of PSUs. The remaining PSUs will vest in four equal installments each on March 1, 2023, March 1, 2024, March 1, 2025 and March 1, 2026. |