Fife Steven R 4
4 · Lifevantage Corp · Filed Aug 28, 2024
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Fife Steven R
DirectorPresident and CEO
Transactions
- Award
Performance Restricted Stock Units
2024-08-26+108,959→ 108,959 total→ Common Stock (108,959 underlying) - Award
Common Stock
2024-08-26+72,639→ 717,777 total
Footnotes (3)
- [F1]This reflects a stock unit award, in which each stock unit represents a right to receive one share of issuer common stock, which award will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 1/3 of the total number of units will vest on August 31, 2025 and (ii) the remaining units will vest in equal installments as of the first day of each of the eight calendar quarters thereafter.
- [F2]Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock, with the total number of units reflecting the number that are eligible to be earned at target-level performance achievement. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 200% of the target number of units.
- [F3]The PRSUs will vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 50% of the earned award will vest on August 31, 2025 (ii) 30% of the earned award will vest on August 31, 2026 and (iii) 20% of the earned award will vest on August 31, 2027.