Meridian director gains 3,125 shares via RSU vesting
Bozovic Snezana reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,125 | $0.00 | $0.00 |
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
Key Terms
Restricted Stock Units financial
Adjusted EBITDA (AEBITDA financial
2023 Equity Incentive Plan financial
Annual Report on Form 10-K regulatory
revenue target financial
FAQ
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What insider transaction did Meridian (MRDN) director Snezana Bozovic report?
What performance targets affect Meridian (MRDN) restricted stock unit vesting?
Under which plan were the Meridian (MRDN) RSUs for Snezana Bozovic issued?
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