Frantz John R 4
4 · NEXTGEN HEALTHCARE, INC. · Filed Jan 28, 2020
Insider Transaction Report
Form 4
Frantz John R
CEO and President
Transactions
- Award
Common Stock
2020-01-27+236,230→ 494,405 total - Award
Performance Stock Unit
2020-01-27+119,559→ 221,159 total→ Common Stock (119,559 underlying)
Footnotes (2)
- [F1]The shares of restricted stock vest over three years from December 26, 2019 in semi-annual increments as follows: 16.66% vest at 6 months; 16.66% vest at 12 months, 16.66% vest at 18 months, 16.66% vest at 24 months, 16.66% vest at 30 months, and 16.7% vest at 36 months, subject to continued service through each vesting date.
- [F2]The performance stock unit awards vest only in the event certain performance goals are achieved and there is continuous service through the date the goals are certified. Approximately 80% of the performance stock units are tied to the Company's fiscal year 2021 revenue goal and 20% are tied to the Company's fiscal year 2022 revenue goal. Performance stock unit awards funded for fiscal year 2021 and fiscal year 2022 revenue performance will be modified for cumulative 3-year total shareholder return ("TSR") on the three-year grant anniversary, which is also the cliff vest date. The number of shares to be issued may vary between 50% and 150% of the number of performance stock units depending on performance, and no such shares will be issued if threshold performance is not achieved.