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 | +250K | $0.00 | 250K | Dec 23, 2022 | Class A Common Stock | 250K | Direct | F1, F2 | ||
transaction | LDI | Performance Share Units | Award | $0 | +250K | $0.00 | 250K | Dec 23, 2022 | Class A Common Stock | 250K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Grant was pursuant to the terms of an employment arrangement. 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: 25% on each of 9/15/23, 9/15/24, 9/15/25, and 9/15/26. |
F3 | Grant was pursuant to the terms of an employment arrangement. Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock. |
F4 | The PSUs are scheduled to vest on 12/31 of the calendar year during which the specified stock price hurdles is achieved by the Issuer's Class A Common Stock, in proportion to such achievement up to 150% of the PSUs granted; provided that if such hurdles are achieved during 2022, the related portion of PSUs will vest on 12/31/23. Any PSUs which have not become earned by the fourth anniversary of the grant date will be forfeited. |