4//SEC Filing
Cotton Stephen 4
Accession 0001437749-24-038307
CIK 0001621832other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 6:24 PM ET
Size
15.6 KB
Accession
0001437749-24-038307
Insider Transaction Report
Form 4
Cotton Stephen
DirectorChief Executive Officer
Transactions
- Award
Performance Share Units
2024-12-19+15,107→ 15,107 totalExercise: $0.00From: 2025-12-31Exp: 2025-12-31→ Common Stock (15,107 underlying) - Award
Performance Share Units
2024-12-19+15,107→ 15,107 totalExercise: $0.00From: 2026-12-31Exp: 2026-12-31→ Common Stock (15,107 underlying) - Award
Performance Share Units
2024-12-19+15,107→ 15,107 totalExercise: $0.00From: 2027-12-31Exp: 2027-12-31→ Common Stock (15,107 underlying) - Award
Performance Share Units
2024-12-19+45,321→ 45,321 totalExercise: $0.00From: 2027-12-31Exp: 2027-12-31→ Common Stock (45,321 underlying) - Award
Common Stock
2024-12-19+271,927→ 577,689 total
Footnotes (7)
- [F1]Represents 271,927 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2024 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer.
- [F2]In addition to the time based vesting requirement of the RSUs, 159,014 RSUs will also have a vesting requirement subject to the approval of sufficient additional shares being approved and added to the 2019 Plan at the 2025 Annual Shareholders Meeting.
- [F3]Includes 387,592 shares underlying RSUs that are not yet vested and deliverable.
- [F4]Represents 15,107 shares underlying Performance Share Units (PSU) that vests based on Total Shareholder Return (TSR) which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2025. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile).
- [F5]Represents 15,107 shares underlying PSUs that vests based on TSR which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2026. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile).
- [F6]Represents 15,107 shares underlying PSUs that vests based on TSR which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2027. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile).
- [F7]Represents 45,321 shares underlying PSUs that vests based on Stock price targets that can be achieved anytime during the period but no later than 3 years after the 12/31/2024. PSUs vests based upon hitting stock price hurdles (for five consecutive days closing prices)within three years of 12/31/2024. The stock vest in 3 hurdles, with 1/3 share vesting with a 50% increase in stock price, 1/3 vesting with a 100% increase in stock price and 1/3 vesting with a 150% increase in stock price. The base or starting stock price is calculated as the 30-day average VWAP closing price at 12/31/2024
Documents
Issuer
Aqua Metals, Inc.
CIK 0001621832
Entity typeother
Related Parties
1- filerCIK 0001649322
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 6:24 PM ET
- Size
- 15.6 KB