Meridian (MRDN) director adds 3,125 shares as RSUs vest on performance
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bozovic Snezana reported acquisition or exercise transactions in this Form 4 filing.
Meridian Holdings Inc./NV director Snezana Bozovic increased her direct common stock holdings through equity compensation, not open‑market trades. She received 3,125 shares of common stock upon the vesting of an equal number of restricted stock units (RSUs) that were settled in shares.
The vesting was tied to the company meeting a revenue target as of the end of fiscal 2025. Following the transaction, Bozovic directly holds 382,803 shares of common stock. The RSUs were granted under Meridian’s 2023 Equity Incentive Plan and only vest if specified revenue and Adjusted EBITDA performance goals, based on 2024 levels, are achieved; otherwise they are canceled.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,250 shares exercised/converted
Mixed
2 txns
Insider
Bozovic Snezana
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,250 | $0.00 | -- |
| Exercise | Common Stock | 3,125 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 382,803 shares (Direct)
Footnotes (1)
- 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. Each RSU represents the contingent right to receive, at settlement, one share of common stock. 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: 382,803 shares
RSUs in derivative transaction: 6,250 RSUs
+2 more
5 metrics
Shares acquired via RSU vesting
3,125 shares
Restricted stock units settled in common stock
Post-transaction holdings
382,803 shares
Common stock directly held after transaction
RSUs in derivative transaction
6,250 RSUs
Restricted Stock Units with underlying common stock
Revenue performance targets
2024 revenue x 1.1 and x 1.2
RSU vesting conditions based on revenue
Adjusted EBITDA targets
2024 AEBITDA x 1.1 and x 1.2
RSU vesting conditions based on Adjusted EBITDA
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
"and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)"
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
What insider transaction did Meridian (MRDN) director Snezana Bozovic report?
Bozovic reported acquiring 3,125 shares of Meridian common stock through the vesting of restricted stock units. These RSUs were settled in shares as part of her equity compensation, rather than being bought on the open market.
What performance targets affect Meridian (MRDN) restricted stock unit vesting?
Meridian’s RSUs vest only if revenue and Adjusted EBITDA reach set performance levels based on 2024 results. Targets include revenue and Adjusted EBITDA at 1.1x and 1.2x 2024 levels as of fiscal 2025, with vesting occurring after those results are publicly disclosed.
Under which plan were the Meridian (MRDN) RSUs for Snezana Bozovic issued?
The restricted stock units were issued under Meridian’s 2023 Equity Incentive Plan. The plan grants RSUs that either vest upon meeting revenue and Adjusted EBITDA targets by fiscal 2025 or are canceled if those performance conditions are not satisfied.