Perion (NASDAQ: PERI) CFO reports initial share and PSU holdings
Rhea-AI Filing Summary
Perion Network Ltd. CFO Elad Tzubery filed an initial Form 3, reporting his existing equity holdings in the company. The filing lists direct ownership of ordinary shares alongside performance stock units and stock options.
Certain performance stock units each represent 11,250 underlying ordinary shares at an exercise price of $0.01 per share, while options cover 834 and 1,001 ordinary shares at exercise prices of $5.46 and $12.02. Footnotes explain that time-based RSUs and performance RSUs vest over multi‑year schedules, subject to continued service and, for performance awards, achieving specified performance criteria. The options referenced are fully vested and immediately exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Tzubery Elad
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Option (Right to Buy share) | -- | -- | -- |
| holding | Option (Right to Buy share) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit (PSU) — 60,000 shares (Direct);
Option (Right to Buy share) — 1,835 shares (Direct);
Ordinary Shares — 170,893 shares (Direct)
Footnotes (9)
- F1. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on August 1, 2024, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.
- F2. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on July 30, 2025, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.
- F3. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on February 17, 2027, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.
- F4. Includes 1,000 RSUs granted to the Reporting Person, which will become vested on March 31, 2026, subject to the Reporting Person continued service through the vesting date
- F5. The performance RSUs vest upon the achievement of pre-specified performance criteria, subject to the Reporting Persons continued service through the vesting date, with no expiration date. Each RSU represents the right to receive one ordinary share.
- F6. The performance RSUs vest upon the achievement of pre-specified performance criteria, subject to the Reporting Person continued service through the vesting date, with no expiration date. Each RSU represents the right to receive one ordinary share.
- F7. The performance RSUs vest upon the achievement of pre-specified performance criteria.
- F8. The Options are Fully vested and immediately exercisable. Each option represents the right to purchase one ordinary share.
- F9. The Options are Fully vested and immediately exercisable. Each option represents the right to purchase one ordinary share.
FAQ
What does Perion Network (PERI) CFO Elad Tzubery report on this Form 3?
Elad Tzubery reports his initial beneficial ownership in Perion Network, including ordinary shares, performance stock units, time-based RSUs and fully vested stock options. The filing outlines existing positions rather than new market transactions, giving investors a baseline view of his equity exposure.
What types of equity awards does PERI’s CFO hold according to the Form 3?
The CFO holds ordinary shares, performance stock units, time-based restricted share units and stock options. Some performance units correspond to 11,250 underlying ordinary shares at a $0.01 exercise price, and options cover 834 and 1,001 ordinary shares at exercise prices of $5.46 and $12.02.
How do the performance RSUs for Perion (PERI) CFO vest?
The performance RSUs vest only upon achievement of pre-specified performance criteria and continued service through the vesting date. Each vested performance RSU converts into one ordinary share, and certain awards have no stated expiration date, as described in the footnotes.
What are the vesting terms for time-based RSUs held by PERI’s CFO?
Time-based RSUs generally vest 33.33% on an initial date, such as August 1, 2024 or July 30, 2025, with the remaining 66.67% vesting in eight equal quarterly installments thereafter. Vesting requires the CFO’s continued service through each scheduled vesting date.
Are the stock options reported by Perion Network’s CFO already exercisable?
Yes. Footnotes state the options are fully vested and immediately exercisable, each option giving the right to purchase one ordinary share. One grant is exercisable at $5.46 per share until August 4, 2027, and another at $12.02 per share until February 8, 2028.
Does this Perion (PERI) Form 3 indicate any insider buying or selling activity?
No specific buying or selling activity is indicated. The entries are classified as holdings, and the transaction summary shows no buy or sell transactions. The Form 3 serves as an initial statement of beneficial ownership rather than a record of recent trades.
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