Meridian ex-COO gains 3,125 shares via RSU vest
Meridian Holdings Inc./NV former COO Feng Weiting reported an equity award vesting rather than an open‑market trade.
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Form Type
4
Rhea-AI Filing Summary
Meridian Holdings Inc./NV former COO Feng Weiting reported an equity award vesting rather than an open‑market trade. She acquired 3,125 shares of common stock through the vesting and settlement of restricted stock units, bringing her direct holdings to 237,810 shares.
The vested RSUs were tied to Meridian meeting a revenue target as of the end of fiscal 2025, with each RSU converting into one share of common stock. The RSUs were granted under the company’s 2023 Equity Incentive Plan and vest based on both revenue and Adjusted EBITDA performance hurdles, or are canceled if those conditions are not met.
Insider Trade Summary
6,250 shares exercised/converted
Exercise
2 txns
Insider
Feng Weiting
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,125 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 237,810 shares (Direct)
Footnotes (3)
- F1. Represents the vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025, which were settled in shares of common stock.
- F2. Each RSU represents the contingent right to receive, at settlement, one share of common stock.
- F3. The RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 and 2024 revenue x 1.2)(1/4 of the RSUs each) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) targets, as of the end of fiscal 2025, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2023 Equity Incentive Plan.
Key Figures
Shares acquired via RSU vesting: 3,125 shares
Post-transaction holdings: 237,810 shares
RSUs covered in derivative entry: 6,250 RSUs
+2 more
5 metrics
Shares acquired via RSU vesting
3,125 shares
Common stock issued upon RSU vesting tied to fiscal 2025 revenue target
Post-transaction holdings
237,810 shares
Direct Meridian common stock held by Feng Weiting after the Form 4 transaction
RSUs covered in derivative entry
6,250 RSUs
Restricted Stock Units with each RSU representing one underlying share of common stock
Revenue performance multipliers
1.1x and 1.2x 2024 revenue
Revenue targets determining vesting of portions of the RSU grant as of fiscal 2025
Adjusted EBITDA multipliers
1.1x and 1.2x 2024 AEBITDA
Adjusted EBITDA targets governing vesting of remaining RSU portions under the plan
Key Terms
Restricted Stock Units, Adjusted EBITDA (AEBITDA), 2023 Equity Incentive Plan, Annual Report on Form 10-K, +1 more
5 terms
Restricted Stock Units financial
"Represents the vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Adjusted EBITDA (AEBITDA) financial
"Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) targets"
2023 Equity Incentive Plan financial
"Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2023 Equity Incentive Plan."
Annual Report on Form 10-K regulatory
"upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
revenue target financial
"vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Feng Weiting report at Meridian Holdings (MRDN)?
Feng Weiting reported the vesting and settlement of 3,125 restricted stock units into common shares, not a market sale or purchase. The vesting increased her direct holdings to 237,810 shares of Meridian common stock, reflecting compensation tied to company performance targets.
What triggered the restricted stock unit vesting for Meridian (MRDN) in this filing?
The vesting was triggered when Meridian met a specified revenue target as of the end of fiscal 2025. Upon that performance condition being satisfied, 3,125 restricted stock units vested and were settled in shares of common stock according to the company’s incentive plan terms.
What performance targets affect Meridian (MRDN) RSU vesting for Feng Weiting?
The RSUs are tied to Meridian achieving revenue and Adjusted EBITDA targets based on 2024 results multiplied by 1.1 and 1.2. Different quarters of the RSU grant vest upon meeting each performance threshold, subject to continued service and public disclosure in a Form 10‑K.
AI-generated analysis. How Rhea-AI works. Not financial advice.
