Rimini Street CFO acquires 68,196 shares via awards
Rimini Street, Inc. EVP & CFO Michael L. Perica reported equity award vesting and exercises into common stock.
Rhea-AI Filing Summary
Rimini Street, Inc. EVP & CFO Michael L. Perica reported equity award vesting and exercises into common stock. On April 3, 2026, he exercised 16,964 Restricted Stock Units and 51,232 Performance Units into an equal number of Rimini Street common shares at a stated price of $0.00 per share, under the company’s equity incentive plans.
These awards relate to previously earned long-term incentives tied to 2023 Adjusted EBITDA and Total Revenue goals and time-based vesting on April 3 of 2024, 2025, and 2026. Following these transactions, he directly holds 196,081 shares of common stock. The filing shows exercises and vesting, with no sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
68,196 shares exercised/converted
Exercise
4 txns
Insider
Perica Michael L.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,964 | $0.00 | $0.00 |
| Exercise | Performance Units | 51,232 | $0.00 | $0.00 |
| Exercise | Common Stock | 16,964 | $0.00 | $0.00 |
| Exercise | Common Stock | 51,232 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Performance Units — 0 contracts (Direct);
Common Stock — 196,081 shares (Direct)
Footnotes (5)
- F1. Represents one-third of the total 153,689 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. On April 3, 2023, the Reporting Person was granted 50,890 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 3, 2026, 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.
- F4. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5. One-third of the "Earned Performance Units" vested on April 3, 2024, one-third of the "Earned Performance Units" vested on April 3, 2025, and one-third of the "Earned Performance Units" vested on April 3, 2026, 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.
Key Figures
Equity awards exercised: 68,196 shares
Post-transaction holdings: 196,081 shares
RSU grant size: 50,890 Restricted Stock Units
+3 more
6 metrics
Equity awards exercised
68,196 shares
Total common shares from 16,964 RSUs and 51,232 Performance Units on April 3, 2026
Post-transaction holdings
196,081 shares
Rimini Street common stock held directly by CFO after April 3, 2026 transactions
RSU grant size
50,890 Restricted Stock Units
Granted April 3, 2023 with one-third vesting on April 3 of 2024, 2025, 2026
Earned Performance Units
153,689 units
Earned based on 2023 Adjusted EBITDA and Total Revenue goals under 2023 Long-Term Incentive Plan
Performance Units vested per installment
51,232 units
One-third of Earned Performance Units vesting on April 3 of 2024, 2025, 2026
Exercise price of awards
$0.00 per share
Stated price for conversion of RSUs and Performance Units into common stock
Key Terms
Restricted Stock Units, Performance Units, Adjusted EBITDA, Total Revenue, +2 more
6 terms
Restricted Stock Units financial
"On April 3, 2023, the Reporting Person was granted 50,890 Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Units financial
"Represents one-third of the total 153,689 "Earned Performance Units""
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Adjusted EBITDA financial
"based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Total Revenue financial
"and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023"
Long-Term Incentive Plan financial
"under the terms of the Issuer's 2023 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
2013 Equity Incentive Plan financial
"as such term is defined in the Issuer's 2013 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rimini Street (RMNI) CFO Michael Perica report in this Form 4?
He reported vesting and exercise of equity awards into common shares. On April 3, 2026, 16,964 Restricted Stock Units and 51,232 Performance Units converted into the same number of Rimini Street common shares, reflecting long-term incentive compensation rather than open-market buying or selling.
What equity awards are involved in the Rimini Street (RMNI) CFO’s Form 4 filing?
The filing involves Restricted Stock Units and Performance Units granted under Rimini Street’s equity incentive plans. Each unit represents a right to receive one share of common stock upon vesting, tied to continued service and, for Performance Units, achievement of 2023 Adjusted EBITDA and Total Revenue performance goals.
How were the Rimini Street (RMNI) Performance Units for the CFO earned and vested?
The Performance Units were designated as 153,689 “Earned Performance Units” based on 2023 Adjusted EBITDA and Total Revenue targets. One-third vested on April 3 of 2024, 2025, and 2026, subject to Michael Perica continuing as a service provider through each vesting date, then converting into common shares.
What is the vesting schedule for the Rimini Street (RMNI) CFO’s Restricted Stock Units?
On April 3, 2023, he was granted 50,890 Restricted Stock Units. One-third vested on April 3, 2024, another third on April 3, 2025, and the final third on April 3, 2026, conditioned on his continued service with Rimini Street through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
