4//SEC Filing
HILARIO EMANUEL N 4
Accession 0001415889-22-009433
CIK 0001399520other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 5:34 PM ET
Size
7.6 KB
Accession
0001415889-22-009433
Insider Transaction Report
Form 4
HILARIO EMANUEL N
DirectorPRESIDENT AND CEO
Transactions
- Award
Common Stock
2022-09-02+100,000→ 1,507,486 total - Award
Common Stock
2022-09-02+500,000→ 2,007,486 total
Footnotes (2)
- [F1]Represents a grant of 100,000 restricted stock units (RSUs) issued under the Issuer's 2019 Equity Incentive Plan pursuant to an Amended and Restated Employment Agreement, by and between the Issuer and the Reporting Person, dated September 2, 2022. The RSUs shall vest in equal increments with 25,000 units vesting on each of August 31, 2023, August 31, 2024, August 31, 2025 and August 31, 2026.
- [F2]Represents a performance-based grant of 500,000 restricted stock units (RSUs) issued under the Issuer's 2019 Equity Incentive Plan pursuant to an Employment Agreement, by and between the Issuer and the Reporting Person, dated September 2, 2022. 125,000 RSUs may be earned in each of four consecutive 12-month periods beginning on August 31, 2022 based on attaining 15% year-over-year increases in the volume-weighted average price of the Company's stock over any consecutive 20 trading days (VWAP) in the period. The VWAP targets are $8.22, $9.46, $10.87 and $12.51 for the 12-month periods ending August 31, 2023, 2024, 2025 and 2026, respectively. Unearned RSUs will be earned if attainment levels are met for subsequent periods; RSUs may be earned in advance if VWAP for a future period is met and, if so, the earned RSUs convert to time-based RSUs that vest at the end of such future period.
Documents
Issuer
ONE Group Hospitality, Inc.
CIK 0001399520
Entity typeother
Related Parties
1- filerCIK 0001203939
Filing Metadata
- Form type
- 4
- Filed
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 5:34 PM ET
- Size
- 7.6 KB