4//SEC Filing
Hanson John T 4
Accession 0000894579-24-000184
CIK 0001493761other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:21 PM ET
Size
39.1 KB
Accession
0000894579-24-000184
Insider Transaction Report
Form 4
Hanson John T
CFO, Treasurer and Secretary
Transactions
- Exercise/Conversion
Common Stock
2024-04-01+4,000→ 49,804 total - Exercise/Conversion
Common Stock
2024-04-01+6,601→ 61,739 total - Exercise/Conversion
Common Stock
2024-04-01+6,875→ 68,614 total - Exercise/Conversion
Common Stock
2024-04-01+4,500→ 73,114 total - Exercise/Conversion
Common Stock
2024-04-01+6,000→ 79,114 total - Exercise/Conversion
Common Stock
2024-04-01+7,875→ 86,989 total - Exercise/Conversion
Performance Stock Units
2024-04-01−6,601→ 0 total→ Common stock (6,601 underlying) - Award
Restricted Stock Units
2024-04-01+8,736→ 8,736 total→ Common stock (8,736 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−6,875→ 0 total→ Common stock (6,875 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−6,000→ 12,000 total→ Common stock (6,000 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−7,875→ 23,625 total→ Common stock (7,875 underlying) - Exercise/Conversion
Common Stock
2024-04-01+5,334→ 55,138 total - Exercise/Conversion
Performance Stock Units
2024-04-01−5,334→ 0 total→ Common stock (5,334 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−4,500→ 4,500 total→ Common stock (4,500 underlying) - Tax Payment
Common Stock
2024-04-01$17.17/sh−18,261$313,541→ 68,728 total - Exercise/Conversion
Performance Stock Units
2024-04-01−4,000→ 0 total→ Common stock (4,000 underlying)
Holdings
- 29,391
Stock Option (Right to Buy)
Exercise: $3.12Exp: 2028-04-11→ Common stock (29,391 underlying) - 2,696
Stock Option (Right to Buy)
Exercise: $2.04Exp: 2027-11-13→ Common stock (2,696 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 (14)
- [F1]Performance stock units were converted into common stock on a one-for-one basis.
- [F10]These restricted stock units vest in equal annual installments until April 1, 2025.
- [F11]These restricted stock units vest in equal annual installments until April 1, 2026.
- [F12]These restricted stock units vest in equal annual installments until April 1, 2027
- [F13]One-quarter of these restricted stock units will vest on April 1, 2025, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2028.
- [F14]These options were exercisable as of the transaction date.
- [F2]Restricted stock units were converted into common stock on a one-for-one basis.
- [F3]Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of deferred stock awarded to the reporting person.
- [F4]These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
- [F5]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.
- [F6]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. Vested shares for this grant have been rounded to the nearest whole share upon conversion into common stock on a one-for-one basis.
- [F7]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. Vested shares for this grant have been rounded to the nearest whole share upon conversion into common stock on a one-for-one basis.
- [F8]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.
- [F9]These restricted stock units vested in full on April 1, 2024.
Documents
Issuer
Turtle Beach Corp
CIK 0001493761
Entity typeother
Related Parties
1- filerCIK 0001531225
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:21 PM ET
- Size
- 39.1 KB