4//SEC Filing
Keirn Cris 4
Accession 0000894579-25-000167
CIK 0001493761other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:51 PM ET
Size
19.1 KB
Accession
0000894579-25-000167
Insider Transaction Report
Form 4
Keirn Cris
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
2025-05-09+6,920→ 61,648 total - Tax Payment
Common Stock
2025-05-09$10.72/sh−3,513$37,659→ 58,135 total - Award
Performance Stock Units
2025-05-09+20,971→ 20,971 total→ Common stock (20,971 underlying) - Exercise/Conversion
Performance Stock Units
2025-05-09−6,920→ 14,051 total→ Common stock (6,920 underlying)
Holdings
- 5,250
Restricted Stock Units
→ Common stock (5,250 underlying) - 19,656
Restricted Stock Units
→ Common stock (6,552 underlying) - 12,605
Stock Option (Right to Buy)
Exercise: $5.95Exp: 2030-04-01→ Common stock (12,605 underlying) - 14,000
Restricted Stock Units
→ Common stock (7,000 underlying) - 34,176
Restricted Stock Units
→ Common stock (34,176 underlying) - 19,167
Stock Option (Right to Buy)
Exercise: $12.10Exp: 2029-04-01→ Common stock (19,167 underlying)
Footnotes (11)
- [F1]Performance stock units ("PSUs") were converted into common stock on a one-for-one basis.
- [F10]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.
- [F11]These options were exercisable as of the transaction date.
- [F2]Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs awarded to the reporting person.
- [F3]These securities are PSUs representing a contingent right to receive one share of common stock.
- [F4]Acquired upon achievement of certain performance criteria of PSUs granted to the reporting person on April 1, 2024 under the Turtle Beach Corporation 2023 Stock Based Incentive Compensation Plan. Performance was measured over 13 months (April 1, 2024 through May 9, 2025) with respect to a stock price performance metric and 12 months (Q2 2024 through Q1 2025) with respect to an Adjusted EBITDA performance metric, with additional time-based vesting for earned units over two years.
- [F5]These PSUs vest as follows: 33% on May 9, 2025, 33% on April 1, 2026 and 34% on April 1, 2027.
- [F6]The securities are restricted stock units ("RSUs") representing a contingent right to receive one share of common stock or cash with a value equal to the fair market value of the underlying common stock or a combination thereof.
- [F7]These RSUs vest in equal annual installments until April 1, 2026.
- [F8]These RSUs vest in equal annual installments until April 1, 2027.
- [F9]These RSUs vest in equal annual installments until April 1, 2028.
Documents
Issuer
Turtle Beach Corp
CIK 0001493761
Entity typeother
Related Parties
1- filerCIK 0001984120
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:51 PM ET
- Size
- 19.1 KB