Lyskawa Nancy 4
Research Summary
AI-generated summary
Rimini Street (RMNI) EVP Nancy Lyskawa Receives Award
What Happened
Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street (RMNI), was awarded 16,896 Performance Units on February 19, 2026. The grant is reported as a derivative award with an acquisition price of $0.00; each Performance Unit represents a contingent right to receive one share of common stock upon vesting. These were reported as "Earned Performance Units" based on Rimini Street's achievement of fiscal 2025 Adjusted EBITDA and Total Revenue targets.
Key Details
- Transaction date: 2026-02-19; filing date: 2026-02-20. Report appears timely.
- Grant: 16,896 Performance Units, $0.00 per unit (derivative award).
- Vesting terms: Units are subject to additional time-based vesting and will vest in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally contingent on continued service.
- Footnotes: F1 = each unit converts to one share upon vesting; F2 = award represents Earned Performance Units under the 2025 LTIP tied to 2025 performance goals; F3 = additional time-based vesting schedule as noted above.
- Shares owned after the transaction: not disclosed in the provided filing extract.
Context
This is a performance-based equity award, not an open-market purchase or sale. Such awards are common executive compensation—they only become company stock if performance goals are met and the time-based vesting conditions are satisfied, so they do not immediately change the public float or represent an insider buying shares.