American Outdoor Brands (AOUT) CEO receives stock and performance awards
Rhea-AI Filing Summary
Murphy Brian Daniel reported acquisition or exercise transactions in this Form 4 filing.
American Outdoor Brands, Inc. reported that President & CEO Brian Daniel Murphy received new equity awards. He was granted 58,698 shares of common stock in the form of restricted stock units and now holds 391,890 common shares directly.
Murphy was also granted 117,394 performance rights, each tied to one share of common stock and expiring on May 27, 2029. These performance rights can vest over a three-year performance period based on cumulative adjusted EBITDA and average return on invested capital metrics, with the disclosed amount representing the maximum shares deliverable, equal to two times the target.
One third of the restricted stock units will vest and be delivered, net of withholding, on May 27, 2027, May 1, 2028, and May 1, 2029, aligning the CEO’s compensation with multi-year company performance and retention.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 117,394 | $0.00 | -- |
| Grant/Award | Common Stock | 58,698 | $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.