Lifevantage CEO gets 289,855-unit performance grant
The stock-unit award vests in annual installments through 2029, while PRSUs depend on financial targets over a period ending in March 2030.
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Rhea-AI Filing Summary
Lifevantage Corp (LFVN) reported grant awards to President and CEO Terrence Moorehead on October 7, 2026: a 193,237-unit stock award and 289,855 performance restricted stock units (PRSUs). The transaction rows report 501,879 directly held common shares following the stock award and 289,855 PRSUs following the PRSU award.
Each stock unit represents a right to receive one common share and vests in thirds on October 7, 2027, October 7, 2028, and October 7, 2029, subject to continued service. PRSUs vest only to the extent performance targets are achieved and continued-service conditions are met; at maximum performance, Moorehead may become eligible to earn 150% of the target units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2, F3 | 289,855 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 193,237 | $0.00 | $0.00 |
Footnotes (3)
- F1. This reflects a stock unit award, in which each stock unit represents a right to receive one share of issuer common stock, which award will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 1/3 of the total number of units will vest on October 7, 2027, (ii) 1/3 of the total number of units will vest on October 7, 2028 and (iii) 1/3 of the total number of units will vest on October 7, 2029.
- F2. Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 150% of the target number of units.
- F3. The PRSUs will vest only to the extent certain financial performance targets are achieved over a three and a half-year period commencing in October 2026 and ending in March 2030, subject to the reporting person's continued service with the issuer through the applicable vesting date. To the extent the first financial performance target is achieved, 25% of the PRSUs will vest on the achievement date and 25% shall vest on the 1-year anniversary of the achievement date. To the extent subsequent financial performance targets are achieved, 12.5% of the PRSUs will vest on the achievement date and 12.5% shall vest on the 1-year anniversary of the achievement date.
Key Figures
Key Terms
Performance Restricted Stock Units financial
stock unit award financial
financial performance targets financial
FAQ
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What are the vesting terms for the LFVN CEO's stock units and PRSUs?
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