4//SEC Filing
Abkemeier Kurt 4
Accession 0001209191-20-009797
CIK 0001007330other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 6:35 PM ET
Size
9.4 KB
Accession
0001209191-20-009797
Insider Transaction Report
Form 4
Abkemeier Kurt
Chief Financial Officer
Transactions
- Award
Common Stock
2020-02-13+25,000→ 143,197 total - Award
Performance-based restricted stock unit
2020-02-13+79,500→ 79,500 total→ Common Stock (79,500 underlying)
Footnotes (4)
- [F1]Grant of restricted stock that vests in three approximately equal installments on each of February 13, 2021, 2022 and 2023.
- [F2]Includes (i) 21,334 shares of restricted stock that vest in approximately two equal installments on each of January 3, 2021 and 2022, (ii) 90,000 shares of restricted stock that vest in three equal installments on each of November 15, 2020, 2021 and 2022 and (iii) 25,000 shares of restricted stock that vest in three approximately equal installments on each of February 13, 2021, 2022 and 2023.
- [F3]Each Performance-Based Restricted Stock Unit ("Unit") corresponds to a share of common stock of the Company. 100% of the Units that vest and become payable will be paid in whole shares of common stock. 45% of the Units are eligible to vest based on the revenue and adjusted EBITDA that the Company achieves for 2020, and 55% of the Units (plus any of the 45% of the Units that are not earned for 2020) are eligible to vest based on the cumulative revenue and adjusted EBITDA that the Company achieves, in each case, for 2020 and 2021. Units will become payable, if at all, no later than 30 days after the Company's Compensation Committee determines the performance criteria achieved for the two-year performance period (which determination cannot, in any event, be earlier than January 2022 or after April 2022).
- [F4]At the threshold performance level, 50% of the eligible Units will become vested and payable and at the target performance level, 100% of the eligible Units will become vested and payable. If performance falls between the stated performance levels the percentage of eligible Units that shall become vested and payable will be based on a straight line interpolation between such stated performance levels. No Units will become vested and payable if performance does not equal or exceed the applicable threshold performance level.
Documents
Issuer
PRGX GLOBAL, INC.
CIK 0001007330
Entity typeother
Related Parties
1- filerCIK 0001334575
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 6:35 PM ET
- Size
- 9.4 KB