Rimini Street CFO awarded 56,321 performance units
Perica Michael L. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Perica Michael L. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. reported that EVP & Chief Financial Officer Michael L. Perica received a grant of 56,321 Performance Units effective February 19, 2026. Each Performance Unit represents a contingent right to receive one share of common stock upon vesting.
These represent “Earned Performance Units” under the company’s 2025 Long-Term Incentive Plan, based on achievement of 2025 targets for Adjusted EBITDA and Total Revenue. The units are also subject to time-based vesting in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally requiring Mr. Perica to remain a service provider through each vesting date. Following this grant, he directly holds 92,150 shares of Rimini Street common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units | 56,321 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2. Represents "Earned Performance Units" 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).
- F3. The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on March 4, 2026, 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
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What insider transaction did Rimini Street (RMNI) report for Michael L. Perica?
How many Rimini Street performance units were granted to the CFO in this Form 4?
What performance goals determine vesting of Rimini Street (RMNI) CFO’s performance units?
What is the vesting schedule for the Rimini Street CFO’s 56,321 Performance Units?
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