Digimarc grants 192,000 LTIP units to CRO
Thomas Ron reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Plan Units F1 | 192,000 | $0.00 | $0.00 |
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
Key Terms
Long-Term Incentive Plan Units financial
LTIP units financial
Digimarc Corporation 2018 Incentive Plan financial
stock price annual appreciation goals financial
vesting requirements financial
FAQ
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What insider transaction did Digimarc (DMRC) report for Ron Thomas?
How many LTIP units were granted to Digimarc (DMRC) executive Ron Thomas and what do they represent?
What is the time-based vesting schedule for Ron Thomas’s LTIP units at Digimarc (DMRC)?
What performance conditions apply to Ron Thomas’s LTIP awards at Digimarc (DMRC)?
Can Ron Thomas’s LTIP units at Digimarc (DMRC) vest early?
Was Ron Thomas’s Digimarc (DMRC) LTIP grant made under a Rule 10b5-1 trading plan?
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