Shander Eric Ryan 4/A
4/A · POWERSCHOOL HOLDINGS, INC. · Filed May 8, 2024
Insider Transaction Report
Form 4/AAmended
Shander Eric Ryan
Chief Financial Officer
Transactions
- Award
Market Share Units
2024-04-01+55,263→ 145,099 total→ Class A Common Stock (55,263 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]The original Form 4 filed on May 1, 2024 is being amended by this Form 4/A to correct an error in Column 5, which incorrectly stated the number of MSUs granted as 55,262. The correct number of MSU granted is 55,263.
- [F3]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.