Turtle Beach Corp (TBCH) interim CFO details RSU and stock stake
Rhea-AI Filing Summary
Turtle Beach Corp identifies Interim CFO Andrew Clipsham as a reporting insider and outlines his equity stake. He directly holds 250 shares of common stock and several restricted stock unit (RSU) awards that vest annually through April 1, 2030, representing rights to receive common stock or cash equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Clipsham Andrew
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2, F1 | -- | -- | -- |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F4, F2 | -- | -- | -- |
| holding | Restricted Stock Units F2, F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,158 shares (Direct);
Common Stock — 250 shares (Direct)
Footnotes (5)
- F1. These restricted stock unit awards ("RSUs") vest in equal annual installments until April 1, 2027. As of the date of this report, 1,500 RSUs have vested and 500 RSUs remain unvested.
- F2. The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock, or cash with a value equal to the fair market value of the underlying common stock, or a combination thereof.
- F3. These RSU awards vest in equal annual installments until April 1, 2028. As of the date of this report, 611 RSUs have vested and 612 RSUs remain unvested.
- F4. These RSU awards vest in equal annual installments until April 1, 2029. As of the date of this report, 377 RSUs have vested and 1,133 RSUs remain unvested.
- F5. These RSU awards vest in equal annual installments until April 1, 2030. As of the date of this report, 3,913 RSUs remain unvested.
Key Figures
Unvested RSUs (2027 grant): 500 RSUs
Unvested RSUs (2028 grant): 612 RSUs
Unvested RSUs (2029 grant): 1,133 RSUs
+2 more
5 metrics
Unvested RSUs (2027 grant)
500 RSUs
Remain unvested; 1,500 RSUs have vested; vesting in equal annual installments until April 1, 2027.
Unvested RSUs (2028 grant)
612 RSUs
Remain unvested; 611 RSUs have vested; vesting in equal annual installments until April 1, 2028.
Unvested RSUs (2029 grant)
1,133 RSUs
Remain unvested; 377 RSUs have vested; vesting in equal annual installments until April 1, 2029.
Unvested RSUs (2030 grant)
3,913 RSUs
Remain unvested; vesting in equal annual installments until April 1, 2030.
Direct common stock holding
250 shares
Directly held Turtle Beach Corp common stock reported by Interim CFO Andrew Clipsham.
Key Terms
Restricted Stock Units, contingent right, fair market value, Power of Attorney
4 terms
Restricted Stock Units financial
"These restricted stock unit awards ("RSUs") vest in equal annual installments until April 1, 2027."
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.
contingent right financial
"RSUs representing a contingent right to receive one share of Turtle Beach common stock."
fair market value financial
"cash with a value equal to the fair market value of the underlying common stock."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Power of Attorney regulatory
"Remarks reference Exhibit 24 - Power of Attorney for the reporting person."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who is the reported insider for Turtle Beach (TBCH) in this insider disclosure?
The reported insider is Andrew Clipsham, who serves as Interim CFO of Turtle Beach Corp. The disclosure details his direct common stock holdings and multiple RSU awards, clarifying his equity-based incentive alignment with other Turtle Beach (TBCH) shareholders.
What restricted stock unit (RSU) awards are reported for Turtle Beach (TBCH) Interim CFO?
The disclosure lists several RSU awards tied to Turtle Beach common stock, with unvested amounts of 500, 612, 1,133 and 3,913 units. Each award represents a contingent right to receive common shares or cash based on fair market value.
What are the vesting schedules for the RSUs reported at Turtle Beach (TBCH)?
The RSU awards vest in equal annual installments through April 1, 2027, 2028, 2029 and 2030. Some portions have already vested, while the remaining unvested RSUs continue to deliver equity-linked compensation over these specified future dates.
Do the RSUs for Turtle Beach (TBCH) Interim CFO settle in stock or cash?
The RSUs provide a contingent right to receive either one Turtle Beach common share, cash equal to the fair market value of that share, or a combination of both, offering flexibility in how the equity-linked compensation is ultimately delivered.