04/03/2025 | Press release | Distributed by Public on 04/03/2025 14:13
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (1) | 04/01/2025 | A | 7,119 | (2) | (2) | Common Stock | 7,119 | $ 0 | 7,119 | D | ||||
Restricted Stock Unit | (1) | 04/01/2025 | A | 23,730 | (2) | (2) | Common Stock | 23,730 | $ 0 | 23,730 | D | ||||
Performance-based Restricted Stock Unit | (3) | 04/02/2025 | M | 1,131 | 04/01/2025 | (4) | Common Stock | 1,131 | $ 0 | 0 | D | ||||
Performance-based Restricted Stock Unit | (3) | 04/02/2025 | M | 1,546 | 04/01/2025 | (5) | Common Stock | 1,546 | $ 0 | 2,062 | D | ||||
Performance-based Restricted Stock Unit | (3) | 04/02/2025 | M | 3,178 | 04/01/2025 | (6) | Common Stock | 3,178 | $ 0 | 5,226 | D | ||||
Restricted Stock Unit | (1) | 04/02/2025 | M | 503 | 04/01/2025 | (7) | Common Stock | 503 | $ 0 | 0 | D | ||||
Restricted Stock Unit | (1) | 04/02/2025 | M | 687 | 04/01/2025 | (8) | Common Stock | 687 | $ 0 | 687 | D | ||||
Restricted Stock Unit | (1) | 04/02/2025 | M | 870 | 04/01/2025 | (9) | Common Stock | 870 | $ 0 | 1,742 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ciardiello Steven 350 FIFTH AVENUE 20TH FLOOR NEW YORK, NY 10118 |
CHIEF ACCOUNTING OFFICER |
/s/ John Lapham, Attorney-in-Fact | 04/03/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
(2) | RSU award granted on April 1, 2025 that vests in three equal annual installments beginning April 1, 2026, subject to the Reporting Person's continued employment on such vesting date. |
(3) | Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock. |
(4) | PSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement. |
(5) | PSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement. |
(6) | PSU award granted on April 1, 2024 that vests in three equal annual installments beginning April 1, 2025, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement. |
(7) | RSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date. |
(8) | RSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, subject to the Reporting Person's continued employment on such vesting date. |
(9) | RSU award granted on April 1, 2024 that vests in three equal annual installments beginning April 1, 2025, subject to the Reporting Person's continued employment on such vesting date. |