Grindr (NYSE: GRND) CPO receives 37,220 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. reported that Chief Product Officer Austin J. Balance acquired 37,220 shares of common stock through the vesting and settlement of performance-based restricted stock units. These PSUs were granted under Grindr's Amended and Restated 2022 Equity Incentive Plan and vested after performance exceeded pre-set key performance indicator targets.
The compensation committee certified achievement of these targets on March 12, 2026, triggering immediate vesting and issuance of the shares at no cash cost to Balance. Following this award, he directly holds 945,207 shares of Grindr common stock, reflecting a routine, compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Balance Austin J
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,220 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 945,207 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Grindr (GRND) report for Austin J. Balance?
Grindr reported that Chief Product Officer Austin J. Balance acquired 37,220 common shares. These came from vesting and settlement of performance-based restricted stock units under the 2022 Equity Incentive Plan after the compensation committee certified above-target performance.
What triggered the vesting of Austin J. Balance’s PSUs at Grindr (GRND)?
The vesting was triggered when Grindr’s compensation committee certified achievement of performance targets. These performance-based restricted stock units vested based on results exceeding specified key performance indicators, leading to immediate issuance of 37,220 common shares on March 12, 2026.
Under which plan were the performance-based RSUs granted at Grindr (GRND)?
The performance-based restricted stock units were granted under Grindr’s Amended and Restated 2022 Equity Incentive Plan. Upon certification that key performance indicator targets were exceeded, 37,220 PSUs vested and were settled into an equal number of common shares.