Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | RMNI | Common Stock | 101K | Feb 28, 2024 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RMNI | Performance Units | Award | $0 | +46.1K | $0.00 | 46.1K | Feb 28, 2024 | Common Stock | 46.1K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. |
F2 | Represents "Earned Performance Units" under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2023 and the Issuer's achievement of a target total revenue goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023). |
F3 | The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on April 3, 2024, April 3, 2025 and April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date. |