Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | S | Class A Common Stock | Award | $0 | +14.2K | +65.01% | $0.00 | 36K | Jun 29, 2023 | Direct | F1, F2 |
transaction | S | Class A Common Stock | Award | $0 | +3.53K | +9.8% | $0.00 | 39.5K | Jun 29, 2023 | Direct | F2, F3, F4 |
Id | Content |
---|---|
F1 | Represents restricted stock units that shall vest 100% of the total units on the earliest of (a) June 29, 2024, (b) the date of the next annual meeting of the Issuer's stockholders (or the date immediately prior to such, if the Report Person's service as a director ends at such meeting due to his/her failure to be re-elected or not standing for re-election), (c) the Report Person's death, (d) the date on which the Reporting Person becomes disabled, or (e) the occurrence of a change in control as defined in the Issuer's Non-Employee Director Compensation Program (the "Program"), in each case subject to the Reporting Person's continued service to the Issuer on each vesting date. |
F2 | Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met. |
F3 | Represents deferred stock units ("DSUs") granted on June 29, 2023 pursuant to the Program as a form of voluntary deferred compensation for serving as a non-employee director. Each DSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The DSUs vest as to 25% of the total shares on each of March 15, June 15, September 15 and December 15, with the final quarterly installment vest on the earliest of (i) the date of the next annual meeting of the Issuer's stockholders, (ii) the date immediately prior to the next annual meeting of the Issuer's stockholders if the applicable non-employee director's service as a director ends at such meeting due to the director's failure to be re-elected or the director not standing for re-election, and |
F4 | [cont'd from Footnote 3] (iii) the originally scheduled vesting date of such DSU installment, subject to the Reporting Person's provision of service to the Issuer on each vesting date and subject to the terms of the Program. |