Lifevantage Corp (LFVN) grants CEO Terrence Moorehead 848,765 stock and PRSU units
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.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 308,642 shares
Net Buy
2 txns
Insider
Moorehead Terrence
Role
President and CEO
| 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 |
Holdings After Transaction:
Performance Restricted Stock Units — 540,123 shares (Direct);
Common Stock — 308,642 shares (Direct)
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
Performance RSUs granted: 540,123 units
Stock units granted: 308,642 units
Stock unit vesting schedule: 1/3 each in 2027, 2028, 2029
+4 more
7 metrics
Performance RSUs granted
540,123 units
Performance Restricted Stock Units granted on August 6, 2026, each for one share of common stock
Stock units granted
308,642 units
Common stock unit award granted on August 6, 2026 to CEO
Stock unit vesting schedule
1/3 each in 2027, 2028, 2029
Each one-third of 308,642 units vests on August 6, 2027, 2028, and 2029
PRSU performance period
August 6, 2026 to August 6, 2029
Three-year period over which financial performance targets are measured for PRSU vesting
PRSU vesting per achievement
10% + 10%
10% of PRSUs vest on each target achievement date and 10% on the 1-year anniversary
Post-award PRSU holdings
540,123 units
Total PRSUs reported as directly owned following the transaction
Post-award common stock holdings
308,642 shares
Total common shares reported as directly owned from the stock unit award
Key Terms
Performance Restricted Stock Unit, stock unit award, vesting, financial performance targets
4 terms
Performance Restricted Stock Unit financial
"Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share"
stock unit award financial
"This reflects a stock unit award, in which each stock unit represents a right"
vesting financial
"will vest, subject to the reporting person's continued service with the issuer"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
financial performance targets financial
"will vest only to the extent certain financial performance targets are achieved"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did LFVN grant to CEO Terrence Moorehead?
Terrence Moorehead received 308,642 shares of common stock via a stock unit award and 540,123 Performance Restricted Stock Units, each representing a right to one share of Lifevantage common stock.
How do Moorehead’s 308,642 LFVN stock units vest?
The 308,642 stock units vest in three equal installments: one-third on August 6, 2027, one-third on August 6, 2028, and one-third on August 6, 2029, subject to his continued service with Lifevantage.
What performance conditions apply to Moorehead’s 540,123 LFVN PRSUs?
The 540,123 PRSUs vest only if certain financial performance targets are achieved over a three-year period from August 6, 2026 to August 6, 2029, and require Moorehead’s continued service through each vesting date.
How do the LFVN PRSUs vest once financial targets are achieved?
For each financial performance target achieved, 10% of the PRSUs vest on the achievement date and an additional 10% vest on the one-year anniversary of that achievement date, subject to continued service.
Are Moorehead’s recent LFVN equity awards open-market purchases?
No. The reported transactions are grant or award acquisitions of stock units and PRSUs at a price of $0.00 per share, reflecting compensation awards rather than open-market buying or selling.
What is Moorehead’s reported LFVN holding after these grants?
Following these awards, Moorehead’s reported holdings include 308,642 shares of common stock from the stock unit grant and 540,123 PRSUs, all held as direct ownership according to the filing data.