Key facts
- This page summarizes Eric Ryan Shander's Form 4/A filing for POWERSCHOOL HOLDINGS, INC..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 08 May 2024, 13:48.
Key filing fact
Ownership activity is grounded in SEC Form 4/A disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Each market share unit ("MSU") converts into a number of shares of Class A common stock. The number of MSUs reported on this Form 4 represents the target. The actual number of shares to be granted is determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average fair market value of the Class A common stock during the ten trading days immediately preceding the applicable vesting date, divided by the fair market value of the Class A common stock on the grant date. The minimum payout factor that must be achieved to earn a payout is 65% and the maximum payout factor is 200%.
Footnote F2
The original Form 4 filed on May 1, 2024 is being amended by this Form 4/A to correct an error in Column 5, which incorrectly stated the number of MSUs granted as 55,262. The correct number of MSU granted is 55,263.
Footnote F3
50% of the MSUs will vest on April 1, 2026 and 50% of the MSUs will vest on April 1, 2027, subject to continued employment.