4//SEC Filing
Walrath Michael 4
Accession 0001614178-25-000033
CIK 0001614178other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 4:09 PM ET
Size
8.6 KB
Accession
0001614178-25-000033
Insider Transaction Report
Form 4
Yext, Inc.YEXT
Walrath Michael
DirectorChief Executive Officer
Transactions
- Award
Performance-Based Restricted Stock Unit
2025-03-12+625,000→ 625,000 total→ Common Stock (625,000 underlying) - Award
Restricted Stock Unit
2025-03-12+625,000→ 625,000 total→ Common Stock (625,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock.
- [F2]One-eighth of shares subject to the award shall vest on June 20, 2025, and quarterly thereafter on each September 20, December 20, March 20 and June 20, subject to the reporting person's continued service on each such date, until the award is fully vested on March 20, 2027.
- [F3]Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock.
- [F4]The PSUs will be eligible to vest based upon achievement of a combination of performance as measured using a measurement in growth of the Company's reported ARR and a "Rule of 40" summation of the percentage growth in the Company's reported ARR and Adjusted EBITDA Margins over two performance periods, one for fiscal year 2026 and one for fiscal year 2027. 50% of the total target PSUs will be eligible to be earned in each performance period, and the maximum number of PSUs that may become eligible to vest in connection with achievement in excess of the target to be no more than 250% of the target number of PSUs. The PSUs that become eligible to vest with respect to a performance period will vest on March 20 following the end of that performance period, subject to reporting person's continued service through that date.
Documents
Issuer
Yext, Inc.
CIK 0001614178
Entity typeother
Related Parties
1- filerCIK 0001702012
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 4:09 PM ET
- Size
- 8.6 KB