Rimini Street CEO granted 168,965 performance units
Ravin Seth A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Ravin Seth A. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street CEO Ravin Seth A. received a grant of 168,965 Performance Units. Each unit represents a contingent right to receive one share of common stock based on previously achieved 2025 Adjusted EBITDA and Total Revenue performance goals, effective February 19, 2026.
The Performance 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 continued service through each vesting date. Following these updates, he holds 678,538 common shares directly and 10,491,309 indirectly through the SAR Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units | 168,965 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| 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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