Angi CEO Michael Steib receives 2M stock units
The restricted stock units vest in annual installments; the performance units have stepped price targets and a sixth-anniversary forfeiture provision.
Rhea-AI Filing Summary
Angi Inc. (ANGI) Chief Executive Officer and director Michael F. Steib acquired 1,000,000 restricted stock units and 1,000,000 performance-based restricted stock units on September 22, 2026. Each unit converts one-for-one into Class A common stock.
The restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date, subject to continued employment through each vesting date. The performance-based units vest in tranches of 300,000 at price thresholds of $10.00, $12.00 and $14.00, and 100,000 at $20.00. Each threshold must be met for 30 consecutive trading days, and vesting occurs on the later of the applicable anniversary and achievement of the threshold. Any performance units still outstanding and unvested on the sixth anniversary are forfeited and canceled.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 1,000,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F4 | 1,000,000 | $0.00 | $0.00 |
Footnotes (4)
- F1. Restricted stock units convert into Class A Common Stock on a one-for-one basis.
- F2. The restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date (September 22, 2026), subject to continued employment through each vesting date.
- F3. Represents performance-based restricted stock units ("PSUs") that will vest as set forth in footnote (4), subject to continued employment through the applicable vesting date.
- F4. (i) 300,000 PSUs on the later of the first anniversary of September 22, 2026 (the "Effective Date") and achievement of a volume-weighted average closing price ("Closing Price") of at least $10.00 for 30 consecutive trading days on or after such date, (ii) 300,000 PSUs on the later of the second anniversary of the Effective Date and achievement of a Closing Price of at least $12.00 for 30 consecutive trading days on or after such date, (iii) 300,000 PSUs on the later of the third anniversary of the Effective Date and achievement of a Closing Price of at least $14.00 for 30 consecutive trading days on or after such date, and (iv) 100,000 PSUs on the later of the fourth anniversary of the Effective Date and achievement of a Closing Price of at least $20.00 for 30 consecutive trading days on or after such date; provided that any PSUs that remain outstanding and unvested on the sixth anniversary of the Effective Date will be forfeited and canceled.
Key Figures
Key Terms
restricted stock units financial
performance-based restricted stock units financial
volume-weighted average closing price financial
FAQ
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How many stock units did ANGI CEO Michael F. Steib receive?
How do ANGI CEO Michael F. Steib's performance-based stock units vest?
Were ANGI CEO Michael F. Steib's awards made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.