Dhir Samir 4
4 · VIRTUSA CORP · Filed May 16, 2019
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Dhir Samir
SVP, Global Services
Transactions
- Award
Common Stock
2019-05-14+34,706→ 152,419 total
Footnotes (1)
- [F1]On 5/17/2018, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/19 ("FY19"). On 5/14/2019, our board approved that the reporting person earned the above number of shares based on the Company's achievement of i) revenue of $1,247.9 million and ii) Non-GAAP operating income of $123.2 million for FY19. Of the shares that were earned, 33% will vest on 9/1/2019 and 67% will vest on 3/1/2021, based on continued service of the reporting person.