4//SEC Filing
Keirn Cris 4
Accession 0000894579-25-000137
CIK 0001493761other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:52 PM ET
Size
36.3 KB
Accession
0000894579-25-000137
Insider Transaction Report
Form 4
Keirn Cris
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+7,000→ 67,794 total - Tax Payment
Common Stock
2025-04-01$14.63/sh−19,618$287,011→ 54,728 total - Award
Performance Stock Units
2025-03-31+7,476→ 7,476 total→ Common stock (7,476 underlying) - Exercise/Conversion
Common Stock
2025-04-01+7,920→ 51,044 total - Exercise/Conversion
Restricted Stock Units
2025-04-01−4,500→ 0 total→ Common stock (4,500 underlying) - Exercise/Conversion
Common Stock
2025-04-01+5,250→ 60,794 total - Exercise/Conversion
Common Stock
2025-04-01+6,552→ 74,346 total - Exercise/Conversion
Performance Stock Units
2025-04-01−7,920→ 0 total→ Common stock (7,920 underlying) - Exercise/Conversion
Common Stock
2025-04-01+7,476→ 43,124 total - Exercise/Conversion
Common Stock
2025-04-01+4,500→ 55,544 total - Award
Restricted Stock Units
2025-04-01+34,176→ 34,176 total→ Common stock (34,176 underlying) - Exercise/Conversion
Performance Stock Units
2025-04-01−7,476→ 0 total→ Common stock (7,476 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−5,250→ 5,250 total→ Common stock (5,250 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−7,000→ 14,000 total→ Common stock (7,000 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−6,552→ 19,656 total→ Common stock (6,552 underlying) - Award
Performance Stock Units
2025-03-31+7,920→ 7,920 total→ Common stock (7,920 underlying)
Holdings
- 19,167
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2029-04-01→ Common stock (19,167 underlying) - 12,605
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2030-04-01→ Common stock (12,605 underlying)
Footnotes (13)
- [F1]Performance stock units ("PSUs") were converted into common stock on a one-for-one basis.
- [F10]These RSUs vest in equal annual installments until April 1, 2027.
- [F11]These RSUs vest in equal annual installments until April 1, 2028.
- [F12]One-quarter of these RSUs will vest on April 1, 2026, with the remainder of the RSUs vesting in equal annual installments until April 1, 2029.
- [F13]These options were exercisable as of the transaction date.
- [F2]Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis.
- [F3]Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs and RSUs awarded to the reporting person.
- [F4]These securities are PSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock.
- [F5]Acquired upon achievement of certain performance criteria pursuant to 34% of the PSUs granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of PSUs 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 PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis.
- [F6]Acquired upon achievement of certain performance criteria pursuant to 33% 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 PSUs vested with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024. Vested shares for this grant have been rounded down to the nearest whole share upon conversion into common stock on a one-for-one basis.
- [F7]The securities are RSUs 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.
- [F8]These RSUs vested in full on April 1, 2025.
- [F9]These RSUs vest in equal annual installments until April 1, 2026.
Documents
Issuer
Turtle Beach Corp
CIK 0001493761
Entity typeother
Related Parties
1- filerCIK 0001984120
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:52 PM ET
- Size
- 36.3 KB