AIR Global (AIIR) officer details earnout and award share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
AIR Global PLC officer George Shane Stanley filed an initial ownership report showing direct holdings of 124,274 Ordinary Shares. This amount includes 1,771 Earnout Shares that vest only if AIR Global PLC’s share price reaches or exceeds $12.50 for 20 trading days within a 30-day period or upon specified early release events. Any Earnout Shares not vested by May 14, 2031 will be forfeited. The total also includes 67,730 Ordinary Shares underlying awards granted under the company’s incentive and compensation arrangements, which vest according to their award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
George Shane Stanley
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 124,274 shares (Direct, null)
Footnotes (1)
- Includes 1,771 Ordinary Shares subject to earnout conditions ("Earnout Shares"). The Earnout Shares will vest upon the earlier to occur of: (i) the closing price of the AIR Global PLC ordinary shares is at or above $12.50 for 20 trading days over a consecutive 30-day period during the Earnout Period, and (ii) certain early release events, including an AIR Global PLC merger, consolidation or reorganization in which the AIR Global PLC ordinary shares are converted or exchanged for the right to receive cash or registered publicly listed securities equal to or exceeding $12.50 per ordinary share. Any Earnout Shares that have not vested by May 14, 2031 will be forfeited. Also includes 67,730 ordinary shares underlying awards pursuant to the Issuer's incentive and compensation arrangements, which shares vest in accordance with the terms of the underlying awards.
Key Figures
Total Ordinary Shares held: 124,274 shares
Earnout Shares: 1,771 shares
Earnout price hurdle: $12.50 per share
+2 more
5 metrics
Total Ordinary Shares held
124,274 shares
Direct holding reported on Form 3
Earnout Shares
1,771 shares
Subject to specified price-based and event-based vesting conditions
Earnout price hurdle
$12.50 per share
Closing price for 20 trading days within a 30-day period
Earnout forfeiture date
May 14, 2031
Unvested Earnout Shares forfeited after this date
Incentive award underlying shares
67,730 shares
Underlying the issuer’s incentive and compensation arrangements
Key Terms
Earnout Shares, Earnout Period, incentive and compensation arrangements, Ordinary Shares
4 terms
Earnout Period financial
"during the Earnout Period, and (ii) certain early release events"
incentive and compensation arrangements financial
"ordinary shares underlying awards pursuant to the Issuer's incentive and compensation arrangements"