Wynne Megan S. 4

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.