Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LDI | Restricted Stock Units | Award | $0 | +1M | $0.00 | 1M | May 25, 2022 | Class A Common Stock | 1M | Direct | F1, F2 | ||
transaction | LDI | Performance Share Units | Award | $0 | +3M | $0.00 | 3M | May 25, 2022 | Class A Common Stock | 3M | Direct | F3, F4 | ||
transaction | LDI | Stock Option | Award | $0 | +1M | $0.00 | 1M | May 25, 2022 | Class A Common Stock | 1M | $2.72 | Direct | F5 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. |
F2 | The RSUs are scheduled to vest as follows, 250,000 on each of 4/27/23, 4/27/24, 4/27/25 and 4/27/26. Within 30 days following each vesting date (provided such date does not fall during a Blackout Period), Issuer will deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested. |
F3 | Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock. |
F4 | The PSUs vest on the 5th anniversary of the grant date in proportion to specified stock price hurdles being achieved by the Issuer's Class A Common stock. |
F5 | The stock options are scheduled to vest as follows, 250,000 on each of 4/27/23, 4/27/24, 4/27/25 and 4/27/26 |