Everpure CEO granted 118,050 performance RSUs
Everpure, Inc. CEO and director Giancarlo Charles H received a grant of 118,050 stock-related performance restricted stock units tied to Class A Common Stock.
Rhea-AI Filing Summary
Everpure, Inc. CEO and director Giancarlo Charles H received a grant of 118,050 stock-related performance restricted stock units tied to Class A Common Stock. These units are part of a Long-Term Performance Incentive award under the company’s 2015 Equity Incentive Plan and represent a compensation-related acquisition, not an open-market purchase.
The award only becomes earned if the prior 30-trading day average closing price of the Class A Common Stock reaches at least $150.00 per share, measured at the end of fiscal 2029, 2030, or 2031. Depending on when this price target is first met, 33%, 67%, or 100% of the target shares are earned and then vest on March 20 of the corresponding year, subject to continued service and a one-year post-vest holding period. Any unearned shares are forfeited if the price target is not met by the end of the fiscal year ending in 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock-Related Performance Restricted Stock Unit | 118,050 | $0.00 | $0.00 |
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
Key Terms
Long-Term Performance Incentive Restricted Stock Unit ("LTP") award financial
2015 Equity Incentive Plan financial
30-trading day average closing price financial
Continuous Service financial
post-vest holding period financial
FAQ
What did Everpure (P) CEO Giancarlo Charles H report in this Form 4?
How many Everpure (P) performance RSUs were granted to the CEO?
What stock price condition applies to the Everpure (P) CEO’s LTP award?
When do the Everpure (P) CEO’s performance RSUs vest if earned?
What happens if Everpure (P) does not reach the $150 stock price target?
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