BURNS MICHAEL F JR 4/A
4/A · RAVE RESTAURANT GROUP, INC. · Filed Sep 27, 2023
Insider Transaction Report
Form 4/AAmended
BURNS MICHAEL F JR
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2023-09-25+53,663→ 53,663 totalFrom: 2023-10-15Exp: 2023-10-15→ Common Stock (60,372 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive shares of Common Stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
- [F2]Date the Audit Committee determined the total number of shares of Common Stock to be awarded upon achievement of performance criteria for RSUs granted on January 8, 2021.
- [F3]Represents the total shares of Common Stock to be issued upon vesting as determined by the Issuer's Audit Committee on September 25, 2023, and based on the achievement of certain performance criteria.