American Outdoor Brands (AOUT) COO awarded stock and performance rights grant
Rhea-AI Filing Summary
American Outdoor Brands, Inc. reported that Chief Operating Officer Brent Alan Vulgamott acquired equity awards in the form of common stock and performance rights. He received 11,206 shares of common stock as a grant, bringing his directly held common shares to 76,456.
The common stock grant was structured as restricted stock units that vest in three equal installments on May 27, 2027, May 1, 2028, and May 1, 2029, with shares delivered net of withholding. Vulgamott was also granted 22,410 performance rights, each representing a contingent right to receive one share of common stock.
The performance rights will vest based on cumulative adjusted EBITDA and average return on invested capital metrics measured over a three-year performance period. The 22,410 performance rights represent the maximum number of shares that may be delivered, equal to two times the target number of shares, and they expire on May 27, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 22,410 | $0.00 | -- |
| Grant/Award | Common Stock | 11,206 | $0.00 | -- |
Footnotes (1)
- One third of the restricted stock units shall vest and be delivered, net of withholding, on May 27, 2027, May 1, 2028, and May 1, 2029. Each performance right represents a contingent right to receive one share of the Issuer's stock. The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics over a three-year performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.