Lifevantage grants CEO new stock and PRSU awards
Moorehead Terrence reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Moorehead Terrence reported acquisition or exercise transactions in this Form 4 filing.
Lifevantage Corp granted President and CEO Terrence Moorehead equity awards on August 6, 2026. He received 308,642 shares of common stock as a stock unit award that vests in three equal installments on August 6 of 2027, 2028, and 2029, subject to continued service. He was also granted 540,123 Performance Restricted Stock Units (PRSUs), each representing one share of common stock. These PRSUs vest only if specified financial performance targets are achieved over a three-year period from August 6, 2026 to August 6, 2029, with 10% vesting at each achievement date and an additional 10% vesting on the first anniversary of each such achievement date, contingent on continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2, F3 | 540,123 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 308,642 | $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 August 6, 2027, (ii) 1/3 of the total number of units will vest on August 6, 2028 and (iii) 1/3 of the total number of units will vest on August 6, 2029.
- F2. Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock.
- F3. The PRSUs will vest only to the extent certain financial performance targets are achieved over a three-year period commencing on August 6, 2026 and ending on August 6, 2029, subject to the reporting person's continued service with the issuer through the applicable vesting date. To the extent a financial performance target is achieved, 10% of the PRSUs will vest on the achievement date and 10% shall vest on the 1-year anniversary of the achievement date.
Key Figures
Key Terms
Performance Restricted Stock Unit financial
stock unit award financial
vesting financial
financial performance targets financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did LFVN grant to CEO Terrence Moorehead?
How do Moorehead’s 308,642 LFVN stock units vest?
What performance conditions apply to Moorehead’s 540,123 LFVN PRSUs?
How do the LFVN PRSUs vest once financial targets are achieved?
Are Moorehead’s recent LFVN equity awards open-market purchases?
What is Moorehead’s reported LFVN holding after these grants?
AI-generated analysis. How Rhea-AI works. Not financial advice.