4//SEC Filing
Hanson John T 4
Accession 0000894579-24-000154
CIK 0001493761other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:03 PM ET
Size
22.9 KB
Accession
0000894579-24-000154
Insider Transaction Report
Form 4
Hanson John T
CFO, Treasurer and Secretary
Transactions
- Award
Performance Stock Units
2024-03-18+4,000→ 4,000 total→ Common stock (4,000 underlying) - Award
Performance Stock Units
2024-03-18+5,333→ 5,333 total→ Common stock (5,333 underlying) - Award
Performance Stock Units
2024-03-18+6,602→ 6,602 total→ Common stock (6,602 underlying)
Holdings
- 45,804
Common Stock
- 6,875
Restricted Stock Units
→ Common stock (6,875 underlying) - 18,000
Restricted Stock Units
→ Common stock (6,000 underlying) - 2,696
Stock Option (Right to Buy)
Exercise: $2.04Exp: 2027-11-13→ Common stock (2,696 underlying) - 9,000
Restricted Stock Units
→ Common stock (4,500 underlying) - 31,500
Restricted Stock Units
→ Common stock (31,500 underlying) - 29,391
Stock Option (Right to Buy)
Exercise: $3.12Exp: 2028-04-11→ Common stock (29,391 underlying) - 14,167
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2029-04-01→ Common stock (14,167 underlying) - 33,230
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2030-04-01→ Common stock (33,230 underlying)
Footnotes (11)
- [F1]The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
- [F10]All options were exercisable as of the transaction date.
- [F11]These options are scheduled to vest in equal monthly installments until April 1, 2024.
- [F2]Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.
- [F3]Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.
- [F4]Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.
- [F5]The securities are restricted stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock, or cash with a value equal to the fair market value of the underlying common stock, or a combination thereof.
- [F6]These restricted stock units vest in equal annual installments until April 1, 2024.
- [F7]These restricted stock units vest in equal annual installments until April 1, 2025.
- [F8]These restricted stock units vest in equal annual installments until April 1, 2026.
- [F9]One-quarter of these restricted stock units will vest on April 1, 2024, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2027.
Documents
Issuer
Turtle Beach Corp
CIK 0001493761
Entity typeother
Related Parties
1- filerCIK 0001531225
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:03 PM ET
- Size
- 22.9 KB