Christiansen Andrew 4
4 · Cardlytics, Inc. · Filed Dec 13, 2022
Insider Transaction Report
Form 4
Cardlytics, Inc.CDLX
Christiansen Andrew
Chief Financial Officer
Transactions
- Exercise/Conversion
Performance Stock Unit
2022-12-09−1,875→ 0 total→ Common Stock (1,875 underlying) - Exercise/Conversion
Common Stock
2022-12-09+1,875→ 23,288 total
Footnotes (2)
- [F1]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]On December 9, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum growth rate in adjusted contribution was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the adjusted contribution growth target ("adjusted contribution growth tranche"). Fifty percent (50%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested 12 months after the Certification.