4//SEC Filing
Wynne Megan S. 4
Accession 0000894579-25-000139
CIK 0001493761other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:56 PM ET
Size
38.7 KB
Accession
0000894579-25-000139
Insider Transaction Report
Form 4
Wynne Megan S.
General Counsel
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+3,750→ 63,557 total - Award
Performance Stock Units
2025-03-31+6,408→ 6,408 total→ Common stock (6,408 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−4,500→ 4,500 total→ Common stock (4,500 underlying) - Exercise/Conversion
Common Stock
2025-04-01+6,930→ 59,807 total - Exercise/Conversion
Restricted Stock Units
2025-04-01−1,747→ 5,241 total→ Common stock (1,747 underlying) - Exercise/Conversion
Common Stock
2025-04-01+4,500→ 68,057 total - Tax Payment
Common Stock
2025-04-01$14.63/sh−14,988$219,274→ 60,941 total - Exercise/Conversion
Performance Stock Units
2025-04-01−6,408→ 0 total→ Common stock (6,408 underlying) - Exercise/Conversion
Common Stock
2025-04-01+6,408→ 52,877 total - Exercise/Conversion
Common Stock
2025-04-01+6,125→ 74,182 total - Exercise/Conversion
Common Stock
2025-04-01+1,747→ 75,929 total - Award
Performance Stock Units
2025-03-31+6,930→ 6,930 total→ Common Stock (6,930 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−6,125→ 12,250 total→ Common stock (6,125 underlying) - Exercise/Conversion
Performance Stock Units
2025-04-01−6,930→ 0 total→ Common stock (6,930 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−3,750→ 0 total→ Common stock (3,750 underlying) - Award
Restricted Stock Units
2025-04-01+11,620→ 11,620 total→ Common stock (11,620 underlying)
Holdings
- 3,106
Stock Option (Right to Buy)
Exercise: $2.04Exp: 2027-11-13→ Common stock (3,106 underlying) - 18,209
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2029-04-01→ Common stock (18,209 underlying) - 4,551
Stock Option (Right to Buy)
Exercise: $3.12Exp: 2028-04-11→ Common stock (4,551 underlying) - 31,875
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2030-04-01→ Common stock (31,875 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 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.
- [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 0002057261
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:56 PM ET
- Size
- 38.7 KB