CommScope (COMM) SVP awarded performance shares after criteria met
Rhea-AI Filing Summary
CommScope Holding Company, Inc. reported equity awards to senior executive Charles A. Gilstrap, SVP, Treasury, Tax & CAO. On 01/08/2026, he acquired 19,546 shares of common stock, 10,237 shares of common stock, and 22,132 shares of common stock at a price of $0 per share, all reported as direct ownership. These share deliveries relate to prior grants of performance share units where company performance criteria were either met or exceeded during the relevant performance periods.
The filing explains that an initial grant of 15,750 performance share units from 06/01/2023 resulted in 19,546 units earned, another 06/01/2023 grant resulted in 10,237 units earned, and a 06/01/2025 grant tied to performance through 12/31/2025 resulted in 22,132 units earned. These performance share units are scheduled to vest on 06/01/2026, along with previously granted restricted stock units that also vest in 2026–2028, contingent on Mr. Gilstrap’s continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,546 | $0.00 | -- |
| Grant/Award | Common Stock | 10,237 | $0.00 | -- |
| Grant/Award | Common Stock | 22,132 | $0.00 | -- |
Footnotes (1)
- On 06/01/2023, the reporting person was granted 15,750 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. The performance criteria was exceeded, resulting in a total of 19,546 performance share units earned. The performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer. As previously reported, includes (a) 12,250 restricted stock units that were granted on 06/01/2023 and will vest on 06/01/2026; (b) 73,500 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; and (c) 33,200 restricted stock units that were granted on 06/01/2025 and will vest ratably on 06/01/2026, 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer. On 06/01/2023, the reporting person was granted 10,237 performance share units, which number could earned based upon the Company's satisfaction of certain performance criteria during the applicable performance period. The performance criteria was met, resulting in a total of 10,237 performance share units earned. The performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer. On 06/01/2025, the reporting person was granted and award of performance share units, 11,066 of which related to performance over a performance period ending on 12/31/2025, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. The performance criteria for such performance period was exceeded, resulting in a total of 22,132 performance share units earned. These performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer.