Digital Turbine (APPS) CTO John Benneaser Receives RSU & PSU Awards

What Happened
John Benneaser, Chief Technology Officer of Digital Turbine (APPS), received equity awards on 2026-09-02: 51,124 restricted stock units (RSUs) recorded at $9.78 each (total value $499,993) and a separate target grant of 51,124 performance stock units (PSUs) shown at $0.00 (derivative/contingent). The RSU grant represents immediate equity compensation; the PSU grant is performance‑based and only converts to shares if performance targets are met.

Key Details

• Transaction date and type: 2026-09-02 — Award/Grant (code A).
• RSUs: 51,124 shares @ $9.78 each = $499,993 total value. Vesting per footnote: one‑third vests on the first anniversary, remaining balance vests monthly through June 15, 2029.
• PSUs: 51,124 target shares recorded at $0.00 (derivative). Actual shares deliverable based on performance; range is 0 to 76,687 shares (per filing), measured over valuation periods ending June 15, 2028 and June 15, 2029.
• Shares owned after transaction: Not specified in the Form 4.
• Tax withholding/sales: No tax‑withholding sale or cashless exercise reported.
• Filing timeliness: Reported period 2026-09-02; Form 4 filed 2026-09-04 — appears filed within the standard two-business-day window.

Context
RSUs provide straightforward equity compensation that vests over time and typically aims to align executives with shareholder interests; PSUs are performance-contingent and carry no guaranteed payout (may deliver 0 shares). These are grants (compensation) rather than open‑market purchases or sales, so they reflect pay/retention actions rather than a direct buy/sell signal about near-term stock views.