MYPS COO updates performance and restricted stock awards
PLAYSTUDIOS, Inc. Chief Operating Officer Robert L. Oseland reported compensation-related equity changes.
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Form Type
4
Rhea-AI Filing Summary
PLAYSTUDIOS, Inc. Chief Operating Officer Robert L. Oseland reported compensation-related equity changes. On March 12, he forfeited 233,333 Performance Stock Units after performance goals for the fiscal year ended December 31, 2025 were not met, so no shares will be issued from that award.
On the same date, he received a new grant of 233,333 Performance Stock Units tied to performance metrics for the fiscal year ending December 31, 2026. He also continues to hold Restricted Stock Units covering 250,000, 141,667 and 125,000 shares of Class A Common Stock and stock options for 2,807 and 77,301 underlying shares, plus 650,034 Class A shares held jointly with his spouse.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Oseland Robert L
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 233,333 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 233,333 | $0.00 | $0.00 |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | Stock Options | -- | -- | -- |
| Holding | Stock Options | -- | -- | -- |
| Holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 233,333 contracts (Direct);
Restricted Stock Units — 516,667 contracts (Direct);
Stock Options — 80,108 contracts (Direct);
Class A Common Stock — 650,034 shares (Indirect, Shares held jointly with Reporting Person's spouse.)
Holdings Before and After:
Performance Stock Units, 233,333 to 233,333 contracts (Direct)
Footnotes (7)
- F1. Shares held jointly with Reporting Person's spouse.
- F2. Represents Performance Stock Units granted on March 7, 2025 that were eligible to vest based on achievement of performance conditions for fiscal year ended December 31, 2025. The Compensation Committee of the Company's Board of Directors determined that the applicable performance conditions were not achieved, and the award was forfeited with no shares issued.
- F3. Represents a grant of unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2026.
- F4. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A common stock.
- F5. On March 7, 2025, the Reporting Person was granted 250,000 Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest, subject to the Reporting Person's continued employment with the Company, on January 15, 2028.
- F6. On March 11, 2024, the Reporting Person was granted 425,001 unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest in three equal installments, with one-third vesting on January 10, 2025, one-third vesting on January 10, 2026, and one-third vesting on January 10, 2027, subject in each case to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- F7. On March 8, 2023, the Reporting Person was granted 500,000 unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest in four equal installments, with one-fourth vesting on January 10, 2024, one-fourth vesting on January 10, 2025, one-fourth vesting on January 10, 2026, and one-fourth vesting on January 10, 2027, subject in each case to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity changes did MYPS COO Robert Oseland report on this Form 4?
Robert L. Oseland reported a forfeiture and a new grant of Performance Stock Units. He forfeited 233,333 units tied to 2025 performance and received 233,333 new units tied to 2026 performance metrics, with no open-market share purchases or sales disclosed.
Why were 233,333 MYPS Performance Stock Units forfeited by the COO?
The 233,333 Performance Stock Units granted on March 7, 2025 were eligible to vest based on 2025 performance goals. The Compensation Committee determined those conditions were not achieved, so the award was forfeited and no Class A Common Stock will be issued from it.
What new Performance Stock Units did MYPS grant to its COO?
The COO received 233,333 unvested Performance Stock Units, each representing up to one Class A share upon vesting. The actual number of shares issued will depend on pre-established performance metrics for the fiscal year ending December 31, 2026, as determined by the Compensation Committee.
What Restricted Stock Units does MYPS COO Robert Oseland currently hold?
He holds Restricted Stock Units covering 250,000, 141,667 and 125,000 Class A shares. These RSUs vest over time, subject to his continued employment, with grants dated March 8, 2023, March 11, 2024, and March 7, 2025 having specified future vesting schedules.
Does MYPS COO hold any MYPS Class A Common Stock directly or jointly?
The Form 4 reports 650,034 shares of Class A Common Stock held indirectly, jointly with the reporting person's spouse. This joint holding is separate from his derivative awards such as Restricted Stock Units, Performance Stock Units, and stock options reported in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
