Rockvam David E 4
4 · EVERBRIDGE, INC. · Filed Mar 28, 2024
Insider Transaction Report
Form 4
EVERBRIDGE, INC.EVBG
Rockvam David E
Chief Financial Officer
Transactions
- Award
Performance Stock Unit
2024-03-07+115,000→ 115,000 total→ Common Stock (115,000 underlying) - Award
Restricted Stock Units
2024-03-07+115,000→ 115,000 total→ Common Stock (115,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the contingent right to receive one share of Everbridge common stock.
- [F2]Represents a restricted stock unit ("RSU") award. Twenty-five percent (25%) of the total number of RSUs shall vest on February 28, 2025 and the remaining RSUs shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person remaining in the service of Issuer through each vesting date.
- [F3]Not applicable.
- [F4]Represents a grant of performance-based restricted stock units ("PSU") under the Issuer's 2022 Inducement Plan. Each PSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. Upon the filing of Everbridge's Form 10-Q for the quarter ended March 31, 2026, up to 62.5% of the PSUs will become eligible to vest based on (a) the compound annual growth rate (CAGR) achieved during the eight fiscal quarters ending December 31, 2025, weighted at 50%, and (b) the adjusted earnings before interest, taxes, depreciation, and amortization ("AEBITDA"), weighted at 50%. Upon the filing of Everbridge's Form 10-Q for the quarter ended March 31, 2027, up to an additional 62.5% of the PSUs will become eligible to vest based on (a) the CAGR achieved during the twelve fiscal quarters ending December 31, 2026, weighted at 50%, and (b) the AEBITDA weighted at 50%.