Perica Michael L. 4
4 · Rimini Street, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Rimini Street CFO Michael Perica Receives Award
What Happened Michael L. Perica, Chief Financial Officer of Rimini Street, received an award of 56,321 Performance Units (reported as a derivative award, transaction code A) on February 19, 2026. The units are reported at $0.00 each (no immediate cash value shown); they represent contingent rights to receive common stock if vesting conditions are met. This is an award/grant rather than a purchase or sale.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (filed within the normal Form 4 window).
- Award: 56,321 Performance Units (derivative), reported acquisition price $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes (summary):
- Each Performance Unit represents a contingent right to one share upon vesting.
- Units were "earned" under the Issuer's 2025 Long‑Term Incentive Plan based on achievement of Adjusted EBITDA and Total Revenue goals for FY2025, effective as of Feb 19, 2026.
- Units are subject to additional time‑based vesting and vest in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally conditioned on continued service.
- Filing timeliness: No late filing indicated.
Context Performance units are a common form of incentive compensation tied to company performance and continued service; they do not represent immediately transferable shares. Because this is a grant earned under performance goals and subject to future vesting, it signals compensation alignment with company targets but is not an immediate buy or sell by the insider.
Insider Transaction Report
- Award
Performance Units
[F1][F2][F3]2026-02-19+56,321→ 56,321 total→ Common Stock (56,321 underlying)
- 92,150
Common Stock
Footnotes (3)
- [F1]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]Represents "Earned Performance Units" under the terms of the Issuer's 2025 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" performance goal for fiscal year 2025 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2025, effective as of February 19, 2026 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2025).
- [F3]The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date.