Everpure CPO granted 49,188 performance RSUs
Singh Ajay reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Singh Ajay reported acquisition or exercise transactions in this Form 4 filing.
Everpure, Inc. Chief Product Officer Ajay Singh received a grant of 49,188 stock-related performance restricted stock units tied to Class A common stock. The award can be earned only if the prior 30‑trading day average share price reaches $150.00 by the end of fiscal 2029, 2030, or 2031. If the target is met, 33%, 67%, or 100% of the target shares are earned and then vest on March 20 of 2029, 2030, or 2031, subject to continued service and a one‑year post‑vest holding period. Any unearned shares are forfeited if the price target is not achieved by the end of the fiscal year ending in 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 49,188 shares
Grant/Award
1 txn
Insider
Singh Ajay
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock-Related Performance Restricted Stock Unit | 49,188 | $0.00 | $0.00 |
Holdings After Transaction:
Stock-Related Performance Restricted Stock Unit — 49,188 contracts (Direct)
Footnotes (2)
- F1. The shares of Class A Common Stock are issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. Shares may become earned only if the prior 30-trading day average closing price of the Issuer's Class A Common Stock equals or exceeds $150.00 per share, as equitably adjusted to reflect any stock split, reverse stock split, or similar change in the Issuer's capital structure affecting its common stock, measured at the end of fiscal 2029, 2030 or 2031. If achieved, 33%, 67% and 100%, respectively, of the target shares become earned. Earned shares vest on March 20, 2029, March 20, 2030 or March 20, 2031, as applicable, with later vesting limited to incremental shares earned, subject to Reporting Person's Continuous Service through the applicable vesting date. Shares issued upon vesting are subject to a one-year post-vest holding period.
- F2. If the $150 stock price target is not met by the end of the Issuer's fiscal year ending in 2031, any unearned shares under the LTP award will immediately be forfeited.
Key Figures
Performance RSUs granted: 49,188 units
Price hurdle: $150.00 per share
Potential underlying shares: 49,188 Class A shares
+4 more
7 metrics
Performance RSUs granted
49,188 units
Stock-related performance restricted stock units granted to CPO Ajay Singh
Price hurdle
$150.00 per share
Prior 30-trading day average closing price required to earn award
Potential underlying shares
49,188 Class A shares
Underlying Class A common stock tied to the performance RSUs
Post-transaction holdings
49,188 derivative units
Total stock-related performance RSUs following this grant
First vesting date
March 20, 2029
Earliest vesting date for earned shares under the award terms
Final vesting date
March 20, 2031
Latest scheduled vesting date for fully earned shares
Performance measurement window end
Fiscal year ending 2031
Deadline to achieve $150 price target before unearned shares are forfeited
Key Terms
Stock-Related Performance Restricted Stock Unit, Long-Term Performance Incentive Restricted Stock Unit ("LTP") award, 2015 Equity Incentive Plan, Continuous Service, +1 more
5 terms
Long-Term Performance Incentive Restricted Stock Unit ("LTP") award financial
"issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award"
2015 Equity Incentive Plan financial
"under the Issuer's 2015 Equity Incentive Plan and related award agreement"
Continuous Service financial
"subject to Reporting Person's Continuous Service through the applicable vesting date"
post-vest holding period financial
"Shares issued upon vesting are subject to a one-year post-vest holding period"
FAQ
What did Everpure (P) Chief Product Officer Ajay Singh report in this Form 4?
Ajay Singh reported receiving a grant of 49,188 stock-related performance restricted stock units. These units are tied to Everpure’s Class A common stock and are part of a long-term incentive award under the company’s 2015 Equity Incentive Plan.
How many Everpure (P) performance stock units did Ajay Singh receive?
Ajay Singh received 49,188 stock-related performance restricted stock units. These units represent potential Class A common shares that will only be earned and later vest if strict future stock price and service conditions described in the grant are satisfied.
What stock price target must Everpure (P) hit for Ajay Singh’s award to be earned?
The award requires a $150.00 per share average closing price over 30 trading days. This target must be met by the end of Everpure’s fiscal 2029, 2030, or 2031 for portions of the 49,188 target shares to be earned under the long-term performance plan.
When do Ajay Singh’s Everpure (P) performance units vest if earned?
Earned shares vest on March 20, 2029, March 20, 2030, or March 20, 2031. Vesting timing depends on when the $150.00 stock price target is achieved, and also requires Ajay Singh’s continuous service through the applicable vesting date.
What happens if Everpure (P) never reaches the $150 stock price target?
If Everpure’s stock fails to hit the $150.00 average price target by the end of the fiscal year ending in 2031, any unearned portion of the 49,188 performance units will be immediately forfeited. In that case, Ajay Singh would not receive those forfeited shares.
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