Rimini Street (RMNI) CRO Steven Hershkowitz receives RSUs and stock options
Rhea-AI Filing Summary
Hershkowitz Steven reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive Steven Hershkowitz, EVP & Chief Revenue Officer, reported equity awards on March 2, 2026. He received 32,258 Restricted Stock Units, each representing a right to one share of common stock upon vesting, and these units vest in three annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, subject to continued service. He was also granted employee stock options covering 25,116 shares and an additional 100,000 shares, which vest in three equal installments on the same dates, also conditioned on continued service. A separate line shows he directly holds 99,945 shares of common stock following the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,258 | $0.00 | -- |
| Grant/Award | Employee Stock Options (Right to Buy) | 25,116 | $0.00 | -- |
| Grant/Award | Employee Stock Options (Right to Buy) | 100,000 | $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 32,258 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.
FAQ
What equity awards did RMNI executive Steven Hershkowitz receive on March 2, 2026?
On March 2, 2026, Steven Hershkowitz received 32,258 Restricted Stock Units and employee stock options covering 25,116 and 100,000 shares of Rimini Street common stock. These awards are part of his equity-based compensation.
How do the Rimini Street (RMNI) Restricted Stock Units granted to Steven Hershkowitz vest?
The 32,258 Restricted Stock Units granted to Steven Hershkowitz vest ratably in three annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, generally requiring that he continue as a Service Provider under the company’s 2013 Equity Incentive Plan.
What is the vesting schedule for the RMNI stock options granted to Steven Hershkowitz?
The employee stock options covering 25,116 and 100,000 Rimini Street shares vest in three equal installments on March 2, 2027, March 2, 2028 and March 2, 2029, subject to Steven Hershkowitz continuing to be a Service Provider.
What does each Rimini Street Restricted Stock Unit granted to Steven Hershkowitz represent?
Each Restricted Stock Unit granted to Steven Hershkowitz represents a contingent right to receive one share of Rimini Street common stock upon vesting, aligning his compensation with future company performance if vesting conditions are satisfied.
Are the RMNI equity awards to Steven Hershkowitz subject to continued employment conditions?
Yes. Both the 32,258 Restricted Stock Units and the stock options for 25,116 and 100,000 shares generally require that Steven Hershkowitz continue as a Service Provider through each vesting date under Rimini Street’s 2013 Equity Incentive Plan.