4/A//SEC Filing
Shander Eric Ryan 4/A
Accession 0001835681-24-000060
CIK 0001835681other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:07 PM ET
Size
6.6 KB
Accession
0001835681-24-000060
Insider Transaction Report
Form 4/AAmended
Shander Eric Ryan
Chief Financial Officer
Transactions
- Award
Market Share Units
2024-04-01+55,262→ 145,098 total→ Class A Common Stock (55,262 underlying)
Footnotes (3)
- [F1]Each market share unit ("MSU") converts into a number of shares of Class A common stock. The number of MSUs reported on this Form 4 represents the target. The actual number of shares to be granted is determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average fair market value of the Class A common stock during the ten trading days immediately preceding the applicable vesting date, divided by the fair market value of the Class A common stock on the grant date. The minimum payout factor that must be achieved to earn a payout is 65% and the maximum payout factor is 200%.
- [F2]50% of the MSUs will vest on April 1, 2026 and 50% of the MSUs will vest on April 1, 2027, subject to continued employment.
- [F3]The original Form 4 filed on May 1, 2024 is being amended by this Form 4/A to correct an error in Column 9. The number reported in Column 9 represents the total target number of MSUs, which includes 89,836 MSUs granted on March 25, 2023 and 55,262 MSUs granted on April 1, 2024. The number reported in the original Form 4 was incorrect because it included the maximum number of shares that are eligible for vesting from the March 25, 2023 grant, which was 200% of the target.
Documents
Issuer
POWERSCHOOL HOLDINGS, INC.
CIK 0001835681
Entity typeother
Related Parties
1- filerCIK 0001670485
Filing Metadata
- Form type
- 4/A
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:07 PM ET
- Size
- 6.6 KB