Advantage Solutions (ADV) CFO receives RSUs, options and PSU grants
Rhea-AI Filing Summary
Advantage Solutions Inc. reported that Chief Financial Officer Christopher Growe received new equity awards in the company’s Class A common stock. He was granted 25,846 restricted stock units that vest in three equal annual installments starting on the first anniversary of the grant date.
Growe also received stock options for 44,000 shares with a $50.0000 exercise price, scheduled to vest in four equal annual installments, and 11,077 performance restricted stock units that may vest from 0% to 200% of the target amount after three years based on Advantage Cash Earnings and Adjusted EBITDA Margin. Following these grants, he holds 39,733 shares directly and 9,760 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Unit | 11,077 | $0.00 | $0.00 |
| Grant/Award | Stock Option | 44,000 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 25,846 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents an award of restricted stock units (RSUs) that is a contingent right to receive Class A Common Stock upon vesting. The RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of the grant date.
- F2. Represents an award of performance restricted stock units (PSUs) that is a contingent right to receive Class A Common Stock upon vesting. Subject to the achievement of certain performance conditions based on Advantage Cash Earnings and Adjusted EBITDA Margin, the PSUs are scheduled to vest on the third anniversary of the grant date and may vest from 0% to 200% of the target number of PSUs reported on this Form 4.
- F3. The stock option is scheduled to vest in equal installments on each of the first, second, third and fourth anniversaries of the grant date.
Key Figures
Key Terms
restricted stock units (RSUs) financial
performance restricted stock units (PSUs) financial
Advantage Cash Earnings financial
Adjusted EBITDA Margin financial
stock option financial
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