Keirn Cris 4

What Happened

• Keirn Cris, CEO and director of Turtle Beach Corporation (TBCH), had performance stock units (PSUs) convert into 4,266 common shares on May 1, 2026. Of those, 2,173 shares were withheld/disposed to satisfy tax withholding obligations, generating proceeds/value of $24,381 at $11.22 per share (reported as a disposition for tax withholding).
• The filing also shows a grant/award of 12,928 restricted stock units (RSUs) on May 1, 2026 (reported as acquired at $0.00, i.e., a non-cash equity award) and related derivative conversion/exercise activity reported the same date.

Key Details

• Transaction dates: primary activity reported for May 1, 2026 (PSU conversion, RSU grant); tax withholding reported April 1, 2026 (disposition of 2,173 shares at $11.22 = $24,381).
• Transaction codes: M = exercise/conversion of derivative (PSUs converted one-for-one into shares); F = shares withheld to satisfy tax withholding; A = grant/award (RSUs).
• Vesting and performance notes: PSUs were earned based on performance criteria (see footnotes) and vest/schedule: 4,266 on May 1, 2026; 4,266 on April 1, 2027; 4,396 on April 1, 2028. The 12,928 RSUs carry multi-year time-based vesting (see footnotes for schedule through 2027–2030).
• Shares owned after the transactions are not specified in the materials provided in this summary.
• Filing timeliness: Reported period of May 1, 2026 and filed May 4, 2026 — appears timely (no late‑filing flag noted).

Context

• These transactions are largely non‑open‑market equity compensation events: PSUs converted (earned performance shares) and a grant of RSUs; the sale/disposition was a routine withholding of shares to cover taxes, not a market sale intended as diversification or cashing out.
• For retail investors: awards and conversions reflect compensation/retention and achievement of performance targets, while the withheld shares to cover taxes are administrative and common with vested equity.