4//SEC Filing
Kirscht Patrick 4
Accession 0001538716-24-000071
CIK 0001538716other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 5:18 PM ET
Size
9.8 KB
Accession
0001538716-24-000071
Insider Transaction Report
Form 4
Kirscht Patrick
Chief Credit Officer
Transactions
- Award
Performance Stock Units
2024-06-14+80,726→ 80,726 totalExp: 2027-03-10→ Common Stock (80,726 underlying) - Award
Common Stock
2024-06-14+80,726→ 349,550 total
Holdings
- 2,900(indirect: By Children)
Common Stock
- 2,900(indirect: By Children)
Common Stock
Footnotes (5)
- [F1]The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2024, subject to the continued service of the Reporting Person on each vesting date.
- [F2]Each RSU represents the right to receive, at settlement, one share of common stock.
- [F3]The Reporting Person disclaims beneficial ownership of the shares held by his child, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose.
- [F4]Each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
- [F5]PSUs will vest based on the Company's achievement of absolute total shareholder return (Company TSR). The TSR period will be the three (3) year period covering calendar years 2024 through 2026. The target number of units subject to the award is presented in the table. The performance metric will be met, and the PSUs will vest, based on percentile achievement of 0% to 125% of the target number of units, depending on performance. Any PSUs achieved above 100% of target may be paid out to the Reporting Person in either cash or shares of common stock, at the sole discretion of the Company's Compensation and Leadership Committee. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that are achieved will be scheduled to vest on March 10, 2027.
Documents
Issuer
Oportun Financial Corp
CIK 0001538716
Entity typeother
Related Parties
1- filerCIK 0001786250
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 5:18 PM ET
- Size
- 9.8 KB