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Turtle Beach Corp·4

Mar 13, 6:42 PM ET

Wynne Megan S. 4

4 · Turtle Beach Corp · Filed Mar 13, 2026

Research Summary

AI-generated summary of this filing

Updated

Turtle Beach (TBCH) GC Megan S. Wynne Receives 3,478 PSUs

What Happened

  • Megan S. Wynne, General Counsel of Turtle Beach Corporation, was granted/acquired 3,478 performance stock units (PSUs) on 2026-03-12. The transaction is reported as an award/derivative (code A) at $0.00 per unit (no cash exchanged). These PSUs are a contingent right to receive one share of common stock per unit if specified performance and vesting conditions are met.

Key Details

  • Transaction date: 2026-03-12; filing date: 2026-03-13 (filed next day).
  • Reported price: $0.00 (award/derivative).
  • Security type: Performance Stock Units (PSUs) — derivative, contingent on performance.
  • Shares owned after transaction: not reported in the provided data.
  • Relevant footnotes: F1–F3 — PSUs represent contingent rights to one share each; this award reflects one‑third of PSUs granted on April 1, 2023 and is tied to multi‑year performance metrics (revenue growth vs. baseline market growth and adjusted EBITDA tiers, with possible payout 0%–200%). Footnote F3 notes installment vesting (1,846 shares on April 1, 2026 and 1,901 shares on April 1, 2027).
  • Filing timeliness: filed the day after the transaction (appears timely).

Context

  • These are not open‑market purchases or immediate share issuances — PSUs are performance‑based awards that only convert to stock (or cash equal to share value) if performance targets and continued employment conditions are met. No cash was paid by the insider; the award is a compensation/retention tool rather than a direct bullish market signal.

Insider Transaction Report

Form 4
Period: 2026-03-12
Turtle Beach CorpTBCH
Wynne Megan S.
General Counsel
Transactions
  • Award

    Performance Stock Units

    [F1][F2]
    2026-03-12+3,478→ 3,478 total
    → Common stock (3,478 underlying)
Holdings

  • Common Stock

    61,887

  • Performance Stock Units

    [F1][F3]
    → Common stock (3,747 underlying)
    3,747

  • Restricted Stock Units

    [F4][F5]
    → Common stock (4,500 underlying)
    4,500

  • Restricted Stock Units

    [F4][F6]
    → Common stock (12,250 underlying)
    12,250

  • Restricted Stock Units

    [F4][F7]
    → Common stock (5,241 underlying)
    5,241

  • Restricted Stock Units

    [F4][F8]
    → Common stock (11,620 underlying)
    11,620

  • Stock Option (Right to Buy)

    [F9]
    Exercise: $2.04Exp: 2027-11-13→ Common stock (3,106 underlying)
    3,106

  • Stock Option (Right to Buy)

    [F9]
    Exercise: $3.12Exp: 2028-04-11→ Common stock (4,551 underlying)
    4,551

  • Stock Option (Right to Buy)

    [F9]
    Exercise: $12.10Exp: 2029-04-01→ Common stock (18,209 underlying)
    18,209

  • Stock Option (Right to Buy)

    [F9]
    Exercise: $5.95Exp: 2030-04-01→ Common stock (31,875 underlying)
    31,875
Footnotes (9)
  • [F1]The securities are performance stock units ("PSUs") representing a contingent right to receive one share of Turtle Beach Corporation common stock.
  • [F2]Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2026, subject to continued employment through such date.
  • [F3]These PSUs vest in installments of 1,846 shares on April 1, 2026 and 1,901 shares on April 1, 2027.
  • [F4]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.
  • [F5]These RSUs vest in equal annual installments until April 1, 2026.
  • [F6]These RSUs vest in equal annual installments until April 1, 2027.
  • [F7]These RSUs vest in equal annual installments until April 1, 2028.
  • [F8]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.
  • [F9]These options were exercisable as of the transaction date.
Signature
/s/ Megan S. Wynne|2026-03-13

Documents

1 file
  • 4
    ownership.xmlPrimary

    4