4//SEC Filing
CARNECCHIA SCIPIO MAXIMUS 4
Accession 0000807863-23-000144
CIK 0000807863other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 8:59 AM ET
Size
12.5 KB
Accession
0000807863-23-000144
Insider Transaction Report
Form 4
CARNECCHIA SCIPIO MAXIMUS
DirectorCEO & Director
Transactions
- Exercise/Conversion
Performance Restricted Stock Units
2023-11-26−42,654→ 217,366 total→ Common Stock (42,654 underlying) - Exercise/Conversion
Common Stock
2023-11-27+30,531→ 445,103 total - Exercise/Conversion
Common Stock
2023-11-26+42,654→ 414,572 total - Exercise/Conversion
Performance Restricted Stock Units
2023-11-27−30,531→ 186,835 total→ Common Stock (30,531 underlying)
Footnotes (5)
- [F1]Performance restricted stock units convert into common stock on a one-for-one basis.
- [F2]The annual performance criteria for each annual Performance Period shall be for the % increase in value of Mitek's common stock to meet or exceed the % increase in value of the Russell 2000 Index over the applicable annual Performance Period, based on a hypothetical investment in both Mitek's common stock and the Russell 2000 Index with a purchase price equal to the average closing price of each for the 20-trading days immediately preceding the start of the applicable Performance Period. At the end of the applicable Performance Period, the value of the hypothetical investments shall be determined by assuming the sale of each based on the average closing price of each from the immediately preceding 20-trading days. The % change shall be determined by comparing the increase in value to the starting investment.
- [F3]Additionally, a portion of the Performance RSUs may vest during a later Performance Period if the cumulative % increase in value of Mitek common stock measured over the current and all previous Performance Periods exceeds the cumulative % increase in value of the Russell 2000 Index.
- [F4]On November 26, 2021, the reporting person was granted restricted stock units under Mitek's 2020 Incentive Plan (the "Performance RSUs"), which vest based upon the achievement of certain performance criteria over the three year period following the date of grant (each such year, a "Performance Period"), with up to 33% of such units vesting (on each anniversary of the date of grant) with respect to each applicable Performance Period. Performance criteria is measured on both an annual and cumulative basis as described below.
- [F5]On November 27, 2020, the reporting person was granted restricted stock units under Mitek's 2020 Incentive Plan (the "Performance RSUs"), which vest based upon the achievement of certain performance criteria over the three year period following the date of grant (each such year, a "Performance Period"), with up to 33% of such units vesting (on each anniversary of the date of grant) with respect to each applicable Performance Period. Performance criteria is measured on both an annual and cumulative basis as described below.
Documents
Issuer
MITEK SYSTEMS INC
CIK 0000807863
Entity typeother
Related Parties
1- filerCIK 0001255170
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 8:59 AM ET
- Size
- 12.5 KB