Rimini Street (RMNI) CFO granted 107,526 RSUs and 83,723 stock options
Rhea-AI Filing Summary
Perica Michael L. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive Michael L. Perica, the EVP & Chief Financial Officer, reported equity awards that increase his potential ownership in the company. He was granted 107,526 Restricted Stock Units, each representing a contingent right to receive one share of common stock upon vesting.
These RSUs vest in three equal annual installments on March 2, 2027, 2028, and 2029, subject to his continued service under the company’s 2013 Equity Incentive Plan. He also received 83,723 employee stock options that vest on the same three annual dates, also contingent on continued service.
Following these grants, Perica directly holds 92,150 shares of common stock, in addition to the newly awarded RSUs and options, aligning his compensation further with Rimini Street’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 107,526 | $0.00 | -- |
| Grant/Award | Employee Stock Options (Right to Buy) | 83,723 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On March 2, 2026, the Reporting Person was granted 107,526 Restricted Stock Units that will vest ratably in three (3) annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, 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. The Employee Stock Options will vest in three (3) equal installments on March 2, 2027, March 2, 2028 and March 2, 2029, 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.