Grindr CPO awarded 37,220 performance shares
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,220 | $0.00 | $0.00 |
Footnotes (1)
- F1. Shares of the Issuer's common stock issued on vesting and settlement of performance-based restricted stock units ("PSUs") granted under the Issuer's Amended and Restated 2022 Equity Incentive Plan, based on achievement in excess of certain pre-specified target key performance indicators. On March 12, 2026, the compensation committee of the Issuer's board of directors certified achievement of the performance targets, resulting in vesting and settlement of 37,220 PSUs that vested immediately upon issuance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Grindr (GRND) report for Austin J. Balance?
What triggered the vesting of Austin J. Balance’s PSUs at Grindr (GRND)?
Under which plan were the performance-based RSUs granted at Grindr (GRND)?
AI-generated analysis. How Rhea-AI works. Not financial advice.