comScore (SCOR) CEO granted time-based and performance RSU awards
Rhea-AI Filing Summary
McLaughlin Matthew F. reported acquisition or exercise transactions in this Form 4 filing.
COMSCORE, INC. Chief Executive Officer Matthew F. McLaughlin reported two new equity awards in the form of restricted stock units (RSUs). He received 400,000 time-based RSUs that vest in three equal annual installments beginning on 5/28/2027, subject to continued employment.
He also received 303,030 performance-based RSUs that are eligible to vest on 5/28/2029 if specified stock price goals between $14.50 and $22.50 are achieved on or before that date. Each RSU represents a contingent right to receive one share of comScore common stock, with vested units delivered upon separation from service or a change in control, as outlined in the award agreements.
Positive
- None.
Negative
- None.
Insights
CEO receives new time-based and performance RSUs as part of equity compensation.
comScore’s CEO, Matthew F. McLaughlin, was granted 400,000 time-based RSUs and 303,030 performance-based RSUs under the 2018 Equity and Incentive Compensation Plan. These awards are stock-based compensation, not open-market purchases or sales, and therefore carry limited trading signal.
The time-based RSUs vest in three annual tranches starting on 5/28/2027, encouraging retention. The performance-based RSUs can vest on 5/28/2029 only if stock price goals between $14.50 and $22.50 are achieved, aligning a portion of CEO pay with longer-term share price performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 303,030 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 400,000 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. This restricted stock unit award was granted pursuant to the terms of the comScore, Inc. 2018 Equity and Incentive Compensation Plan and a compensation agreement with the reporter. This award vests in three equal annual installments beginning on 5/28/2027 subject to the reporter's continued employment with the Company through each vesting date. Vested units will be deferred and delivered in shares of common stock on the earlier of a separation from service or a change in control of the Company, as set forth in the applicable award agreement. This performance-based restricted stock unit award was granted pursuant to the terms of the comScore, Inc. 2018 Equity and Incentive Compensation Plan and a compensation agreement with the reporter. This award will be eligible to vest on 5/28/2029 subject to the achievement of certain stock price goals ranging from $14.50 to $22.50 on or prior to the vesting date. The reporter may earn up to 100% of the number of performance-based restricted stock units granted, depending on the level of achievement. Vested units will be deferred and delivered in shares of common stock on the earlier of a separation from service or a change in control of the Company, as set forth in the applicable award agreement.