Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VCSA | Class A Common Stock | Award | $0 | +652K | $0.00 | 652K | Jun 1, 2023 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VCSA | Performance Stock Unit | Award | $0 | +652K | $0.00 | 652K | Jun 1, 2023 | Class A Common Stock | 652K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | Represents an award of restricted stock units, or RSUs, with 25% vesting on June 1, 2024 and 1/16th vesting in quarterly installments beginning on September 1, 2024. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
F2 | Each performance stock unit, or PSU, represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
F3 | The PSUs vest based on the Issuer's stock price performance over a performance period beginning on June 1, 2023 and ending on June 1, 2027, subject to satisfying certain service-based conditions. The award will vest, if at all, as to 25% of the total number of such PSUs on June 1, 2024 and as to an additional 1/16th of such PSUs in equal quarterly installments thereafter based on continued service and the Issuer's stock price exceeding certain thresholds. Any portion of the award that has not been earned by June 1, 2027 will be forfeited. |