4//SEC Filing
Oruganti Bharath 4
Accession 0001410384-20-000072
CIK 0001410384other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 5:12 PM ET
Size
7.5 KB
Accession
0001410384-20-000072
Insider Transaction Report
Form 4
Oruganti Bharath
SVP, Service Delivery
Transactions
- Award
Common Stock
2020-03-13+5,447→ 22,988 total - Award
Common Stock
2020-03-13+5,447→ 17,541 total
Footnotes (3)
- [F1]Form 4 is being filed late due to delays caused by technical difficulties as a result of the COVID-19 pandemic.
- [F2]Represents a grant of performance-based restricted stock units ("Units") under the 2014 Equity Incentive Plan. The target number of Units is presented in the table ("Target Amount"). Subject to continued employment, one-third (1/3) of the Target Amount is scheduled to vest annually ("Scheduled Amount"), on or about March 13th of each of 2021, 2022 and 2023. In each of the first two years the number of Units that actually vests will be 0% to 100% of the Scheduled Amount, and in the third year the number of Units that actually will vest will be 0% to 200% of the Target Amount, less the amount of any vesting in the first two years, in each case depending upon the performance of Q2 Holdings, Inc.'s common stock price as compared to the Russell 2000 Index, as more specifically set forth in the grant agreement. The maximum number of Units that may vest over three years is 200% of the Target Amount. Vested Units will be paid in an equal number of shares of Q2 Holdings, Inc. common stock.
- [F3]Shares of stock acquired represent shares underlying Restricted Stock Units. The Restricted Stock Units vest annually in four equal installments beginning March 3, 2021.
Documents
Issuer
Q2 Holdings, Inc.
CIK 0001410384
Entity typeother
Related Parties
1- filerCIK 0001595526
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 5:12 PM ET
- Size
- 7.5 KB