Katapult director granted 594,320 company shares
Katapult Holdings, Inc. director Eugene R. Schutt Jr reported an acquisition of 594,320 shares of common stock via a grant or award.
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Rhea-AI Filing Summary
Katapult Holdings, Inc. director Eugene R. Schutt Jr reported an acquisition of 594,320 shares of common stock via a grant or award. Following this award, his directly held common stock position increased to 596,320 shares. The award reflects a right to receive Katapult common shares in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC, deliverable twelve months after termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into Katapult. On the mergers’ effective date, Katapult’s common stock closed at $8.00 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 594,320 | -- | -- |
Footnotes (1)
- F1. Reflects the right to receive shares of the Issuer's common stock in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into the Issuer (the "Mergers"). On the effective date of the Mergers, the closing price of the Issuer's common stock was $8.00 per share.
Key Figures
Key Terms
phantom restricted units financial
management incentive plan financial
Mergers financial
FAQ
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What insider transaction did Katapult (KPLT) director Eugene R. Schutt Jr report?
What is the size of the equity award reported in the Katapult (KPLT) Form 4?
What stock price reference is disclosed in the Katapult (KPLT) Form 4 footnote?
Was the Katapult (KPLT) insider transaction under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.