Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CHPT | Common Stock | Award | +200K | +49.69% | 602K | Jul 9, 2024 | Direct | F1 | ||
transaction | CHPT | Common Stock | Award | +270K | +44.81% | 872K | Jul 9, 2024 | Direct | F2 |
Id | Content |
---|---|
F1 | The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period commencing on June 20, 2024 with respect to 1/16th on each quarterly vesting date thereafter, provided that the Reporting Person remains in continuous service on each such vesting date. Quarterly vesting dates are September 20, December 20, March 20 and June 20. The RSUs are further subject to the provisions, including acceleration provisions, as set forth in the Issuer's form of Executive Severance Plan entered into by the Reporting Person. |
F2 | The Reporting Person was granted performance restricted stock units ("PRSUs"), which represent a contingent right to receive one share of Common Stock for each PRSU. The actual PRSUs awarded shall be earned upon the Issuer's common stock achieving certain price per share targets during the 5-year performance period after the date of grant, as determined upon certification of the Issuer's Compensation & Organizational Development Committee. If earned, the eligible PRSUs will vest over a 4-year period commencing on June 20, 2024 with respect to 1/16th on each quarterly vesting date thereafter, provided that the Reporting Person remains in continuous service on each such vesting date. Quarterly vesting dates are September 20, December 20, March 20 and June 20. The PRSUs are further subject to the provisions, including acceleration provisions, as set forth in the Issuer's form of Executive Severance Plan entered into by the Reporting Person. |