Brandt Yann 4
4 · FTC Solar, Inc. · Filed Aug 19, 2024
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
Brandt Yann
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-08-19+4,000,000→ 4,000,000 total - Award
Common Stock
2024-08-19+2,500,000→ 6,500,000 total
Footnotes (2)
- [F1]Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement as an inducement grant to a new hire outside of the Issuer's 2021 Stock Incentive Plan, and is subject to a four-year vesting period as follows: (a) 25% of RSUs will vest on the grant date and (b) 1/48 of the RSUs will vest at the end of each month thereafter for the next 36 months; provided, in each case, in each case, that the reporting person is an active employee as of each such relevant vesting date.
- [F2]Reflects a grant of performance based RSUs pursuant to an employment agreement as an inducement grant to a new hire outside of the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the employment agreement, upon (i) the Issuer's publicly traded common stock achieving a $5, $8 and/or $10 price during the four year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.