5//SEC Filing
Schnitzer Bruce William 5
Accession 0000950170-24-072154
CIK 0001775734other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 7:35 PM ET
Size
6.6 KB
Accession
0000950170-24-072154
Insider Transaction Report
Form 5
BeneficientBENF
Schnitzer Bruce William
Director
Transactions
- Award
Class A Common Stock
2023-07-15+643→ 2,628 total
Footnotes (4)
- [F1]The shares shown have been retroactively adjusted to reflect Beneficient's (the "Issuer") reverse stock split of its outstanding shares of Class A common stock, par value $0.001 per share ("Class A common stock"), and Class B common stock, par value $0.001 per share, on a 1-for-80 basis effected on April 18, 2024.
- [F2]Includes 643 shares of Class A common stock, par value $0.001 per share ("Class A common stock"), of Beneficient (the "Issuer") issuable upon the settlement of an award of 643 restricted stock units ("RSUs") granted pursuant to Beneficient 2023 Equity Incentive Plan to Bruce W. Schnitzer (the "Reporting Person") on July 15, 2023. Such award of RSUs to the Reporting Person vested 20% on September 1, 2023, and the remaining 80% in four equal annual installments on September 1st of each subsequent calendar year.
- [F3]Includes 1,797 shares of Class A common stock issuable upon the settlement of an award of 1,438 restricted equity units ("REUs") granted the Reporting Person pursuant to The Beneficient Company Group, L.P. 2018 Equity Incentive Plan ("2018 Equity Incentive Plan") on January 11, 2018. 1,250 REUs vested on the date of grant, and 188 REUs vested 25% on the date of grant, and the remaining 75% in three equal annual installments on April 25th of each subsequent calendar year.
- [F4]Includes 188 shares of Class A common stock issuable upon settlement of an award of 150 REUs granted to the Reporting Person pursuant to the 2018 Equity Incentive Plan on April 1, 2022. Such award of REUs to the Reporting Person shall vest 40% on June 8, 2023, and the remaining 60% in three equal annual installments on April 1st of each subsequent calendar year.
Documents
Issuer
Beneficient
CIK 0001775734
Entity typeother
Related Parties
1- filerCIK 0001328993
Filing Metadata
- Form type
- 5
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 7:35 PM ET
- Size
- 6.6 KB