Rimini Street (RMNI) EVP awarded RSUs and stock options vesting 2027–2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Maddock Kevin reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive Kevin Maddock, EVP and Chief Recurring Revenue Officer, received equity awards on March 2, 2026. He was granted 32,258 Restricted Stock Units and 25,116 employee stock options, both vesting in three equal annual installments from March 2, 2027 through March 2, 2029, subject to continued service. Following these awards, he directly holds 173,704 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Maddock Kevin
Role
EVP,ChiefRecurringRev.Officer
| 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 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 32,258 shares (Direct);
Employee Stock Options (Right to Buy) — 25,116 shares (Direct);
Common Stock — 173,704 shares (Direct)
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 Kevin Maddock receive?
Kevin Maddock received 32,258 Restricted Stock Units and 25,116 employee stock options. These represent part of his equity compensation and are structured to vest over time, encouraging longer-term alignment with Rimini Street, Inc.'s performance and his continued employment.
When do Kevin Maddock’s RMNI Restricted Stock Units vest?
The 32,258 Restricted Stock Units granted to Kevin Maddock vest ratably in three annual installments on March 2, 2027, March 2, 2028, and March 2, 2029, generally conditioned on him continuing to serve as a Service Provider under the 2013 Equity Incentive Plan.
How do Kevin Maddock’s RMNI stock options vest?
The 25,116 employee stock options vest in three equal installments on March 2, 2027, March 2, 2028, and March 2, 2029. Vesting is generally subject to Maddock continuing as a Service Provider under Rimini Street’s 2013 Equity Incentive Plan on each vesting date.
What does each RMNI Restricted Stock Unit represent for Kevin Maddock?
Each Restricted Stock Unit represents a contingent right to receive one share of Rimini Street common stock upon vesting. This means Maddock only receives the underlying shares as the RSUs vest over time and the service-based vesting conditions are satisfied.
What role does Kevin Maddock hold at Rimini Street (RMNI)?
Kevin Maddock serves as Executive Vice President and Chief Recurring Revenue Officer at Rimini Street, Inc. His compensation package includes equity incentives such as Restricted Stock Units and employee stock options, which are designed to connect his rewards with the company’s long-term performance.