4//SEC Filing
Felenstein Scott D 4
Accession 0001377630-24-000014
CIK 0001377630other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 5:01 PM ET
Size
14.0 KB
Accession
0001377630-24-000014
Insider Transaction Report
Form 4
Felenstein Scott D
EVP & Chief Revenue Officer
Transactions
- Award
Restricted Stock Units
2024-02-09+516,667→ 516,667 total→ Common Stock (516,667 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
- [F2]One half of this award is time based and vests as follows: (i) 30 percent will vest on December 31, 2024, (ii) 7.5 percent will vest at the end of each quarterly period throughout 2025, and (iii) 10 percent will vest at the end of each quarterly period throughout 2026.
- [F3]One half of the award is performance based and vests as follows: (i) 50 percent will vest based on the achievement of a total shareholder value metric achievement during the period ending on December 31, 2026 (TSV Achievement), and (ii) 50 percent will vest on the basis of three separate measurement periods for each of 2024, 2025, and 2026 based on the achievement of an unlevered free cash flow per share metric (FCF Achievement). In the event that the TSV Achievement exceeds the FCF Achievement for any of the applicable measurement periods, then the FCF Achievement will be increased to the percentage of the TSV Achievement for that period. Additionally, in the event that the Company achieves the maximum level of TSV Achievement, then all of the restricted stock units under the FCF Achievement will vest.
Documents
Issuer
National CineMedia, Inc.
CIK 0001377630
Entity typeother
Related Parties
1- filerCIK 0001729295
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 5:01 PM ET
- Size
- 14.0 KB