Key facts
- This page summarizes Mark Dodds's Form 4 filing for NEW RELIC, INC..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 07 Feb 2023, 17:26.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Performance-based restricted stock units ("PSUs") use the Issuer's stock price as vesting hurdles starting from February 3, 2023 (the "Grant Date") and ending on the two-year anniversary of the Grant Date (the "Performance Period"). There are four vesting hurdles at $85, $100, $115 and $135, with each hurdle pricing for vesting of an amount of common shares equal to 15.42%, 26.22%, 28.34% and 30.01% of the PSUs granted, respectively. A hurdle is met when the Issuer's closing trading stock price equals or exceeds the hurdle amount for 45 consecutive trading days during the Performance Period. Each tranche of PSUs will vest, subject to the Reporting Person's continued service, 50% on the later of (i) the first anniversary of the Grant Date or (ii) certification by the Issuer's Compensation Committee that the applicable stock price hurdle has been satisfied (such later date, the "Achievement Date"), and 50% on the first anniversary of the applicable Achievement Date.