Digimarc Corp (DMRC) awards 192,000 LTIP units to revenue chief
Rhea-AI Filing Summary
Thomas Ron reported acquisition or exercise transactions in this Form 4 filing.
Digimarc Corp granted EVP and Chief Revenue Officer Ron Thomas 192,000 Long-Term Incentive Plan (LTIP) units of Digimarc LLC, each ultimately linked to common stock or equivalent cash value. 57,600 units vest in 16 equal quarterly installments over four years, while 134,400 units vest upon achieving stock price annual appreciation goals of 20%, 30%, and 40%, with minimum vesting periods of two, three, and four years and potential acceleration upon certain events including termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas Ron
Role
EVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Plan Units F1 | 192,000 | $0.00 | $0.00 |
Holdings After Transaction:
Long-Term Incentive Plan Units — 192,000 shares (Direct)
Footnotes (1)
- F1. 192,000 LTIP units of Digimarc LLC were granted to Ron Thomas under the Digimarc Corporation 2018 Incentive Plan. LTIP units are convertible, subject to appreciation and vesting requirements, into common units of Digimarc LLC redeemable for an equal number of shares of the issuer's common stock or, at the issuer's election, cash equal to the fair market value of such shares. 57,600 LTIP units vest in sixteen equal quarterly installments over four years, subject to continued service. The remaining 134,400 LTIP units vest upon achievement of stock price annual appreciation goals of 20%, 30%, and 40%, with one-third of such units associated with each goal and minimum vesting periods of two, three, and four years, respectively. Vesting may accelerate upon certain events including termination.
Key Figures
LTIP units granted: 192,000 LTIP units
Time-based vesting units: 57,600 LTIP units
Performance-based vesting units: 134,400 LTIP units
+3 more
6 metrics
LTIP units granted
192,000 LTIP units
Long-Term Incentive Plan units of Digimarc LLC granted to Ron Thomas
Time-based vesting units
57,600 LTIP units
Vest in sixteen equal quarterly installments over four years, subject to continued service
Performance-based vesting units
134,400 LTIP units
Vest upon achievement of stock price annual appreciation goals
Quarterly installments
16 installments
Time-based 57,600 LTIP units vest in sixteen equal quarterly tranches
Appreciation goals
20%, 30%, 40%
Annual stock price appreciation goals tied to performance-based LTIP vesting
Total units after grant
192,000 LTIP units
Total Long-Term Incentive Plan units held following this reported acquisition
Key Terms
Long-Term Incentive Plan Units, LTIP units, Digimarc Corporation 2018 Incentive Plan, stock price annual appreciation goals, +1 more
5 terms
Long-Term Incentive Plan Units financial
"192,000 LTIP units of Digimarc LLC were granted to Ron Thomas"
LTIP units financial
"LTIP units are convertible, subject to appreciation and vesting requirements"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Digimarc Corporation 2018 Incentive Plan financial
"granted to Ron Thomas under the Digimarc Corporation 2018 Incentive Plan"
stock price annual appreciation goals financial
"vest upon achievement of stock price annual appreciation goals of 20%, 30%, and 40%"
vesting requirements financial
"LTIP units are convertible, subject to appreciation and vesting requirements"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Digimarc (DMRC) report for Ron Thomas?
Digimarc reported a compensation grant to Ron Thomas of 192,000 Long-Term Incentive Plan (LTIP) units of Digimarc LLC. These units are ultimately convertible into common units redeemable for issuer common stock or cash equal to the shares’ fair market value, subject to vesting conditions.
How many LTIP units were granted to Digimarc (DMRC) executive Ron Thomas and what do they represent?
Ron Thomas received 192,000 LTIP units of Digimarc LLC under the Digimarc Corporation 2018 Incentive Plan. These LTIP units are convertible, after appreciation and vesting, into common units redeemable for an equal number of Digimarc common shares or, at the issuer’s election, cash of equivalent value.
What is the time-based vesting schedule for Ron Thomas’s LTIP units at Digimarc (DMRC)?
57,600 LTIP units vest based on time, in sixteen equal quarterly installments over four years. Each installment is contingent on continued service, so Thomas must remain with the company through each vesting date to receive those units.
What performance conditions apply to Ron Thomas’s LTIP awards at Digimarc (DMRC)?
The remaining 134,400 LTIP units vest only if stock price annual appreciation goals of 20%, 30%, and 40% are achieved. One-third of these units is tied to each goal, with minimum vesting periods of two, three, and four years, respectively.
Can Ron Thomas’s LTIP units at Digimarc (DMRC) vest early?
Yes. The LTIP units are generally subject to time- and performance-based vesting, but vesting may accelerate upon certain events, including termination. The exact acceleration events are referenced in the award terms described for this grant.
Was Ron Thomas’s Digimarc (DMRC) LTIP grant made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative. The reported transaction is a grant of LTIP units as compensation under the Digimarc Corporation 2018 Incentive Plan, rather than a market trade executed under a Rule 10b5-1 trading plan.