Rimini Street (RMNI) CMO nets shares after RSU and performance unit vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. EVP & Chief Marketing Officer David W. Rowe reported equity award vesting and related tax sales. On March 4, 2026, 11,493 Restricted Stock Units and 5,632 Performance Units converted into the same number of Common Stock shares at a stated price of $0.00 per share.
To cover withholding taxes, 4,838 and 2,371 Common Stock shares were automatically sold at $3.6428 per share under the company’s sell-to-cover policy, and he did not initiate these sales. After these transactions, he directly held 467,705 shares of Common Stock, with remaining Restricted Stock Units and Earned Performance Units scheduled to vest in equal installments on March 4, 2027 and March 4, 2028, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,209 shares ($26,261)
Net Sell
6 txns
Insider
Rowe David W.
Role
EVP & Chief Marketing Officer
Sold
7,209 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,493 | $0.00 | -- |
| Exercise | Performance Units | 5,632 | $0.00 | -- |
| Exercise | Common Stock | 11,493 | $0.00 | -- |
| Sale | Common Stock | 4,838 | $3.6428 | $18K |
| Exercise | Common Stock | 5,632 | $0.00 | -- |
| Sale | Common Stock | 2,371 | $3.6428 | $9K |
Holdings After Transaction:
Restricted Stock Units — 22,989 shares (Direct);
Performance Units — 11,264 shares (Direct);
Common Stock — 469,282 shares (Direct)
Footnotes (1)
- Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events. The Reporting Person did not initiate the sale. Represents one third of the total 16,896 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 20, 2026) under the terms of the Issuer's 2025 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" performance goal for fiscal year 2025 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2025, effective as of February 19, 2026 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2025). Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Performance Unit vesting events. The Reporting Person did not initiate the sale. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On March 4, 2025, the Reporting Person was granted 34,482 Restricted Stock Units, one-third of which vested on March 4, 2026. The remaining two-thirds will vest ratably on March 4, 2027, and March 4, 2028, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. One-third of the "Earned Performance Units" vested on March 4, 2026. The remaining two-thirds vest ratably on March 4, 2027 and March 4, 2028, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date.
FAQ
What insider transactions did RMNI executive David W. Rowe report?
David W. Rowe reported vesting of equity awards and related tax sales. 11,493 Restricted Stock Units and 5,632 Performance Units converted into Common Stock, and 7,209 shares were automatically sold to cover withholding taxes under Rimini Street’s policy.
What Restricted Stock Unit grant does David W. Rowe hold at Rimini Street (RMNI)?
On March 4, 2025, he was granted 34,482 Restricted Stock Units. One-third vested on March 4, 2026, and the remaining two-thirds are scheduled to vest ratably on March 4, 2027 and March 4, 2028, subject to his continued service.
How are RMNI Performance Units structured for David W. Rowe?
He has 16,896 Earned Performance Units tied to Rimini Street’s 2025 Adjusted EBITDA and Total Revenue goals. One-third vested on March 4, 2026, with the remaining two-thirds vesting ratably on March 4, 2027 and March 4, 2028, contingent on continued service.