Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | KEQU | Restricted Stock Units FY24 | Award | $0 | +5.18K | $0.00 | 5.18K | Jun 28, 2023 | Common Stock | 5.18K | Direct | F1, F2 |
Id | Content |
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F1 | Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. |
F2 | The award of restricted stock units shall vest as follows: (a) 30% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning June 30, 2024, subject to the reporting person's continued employment with the Company; and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that will vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period. |