Turtle Beach (NASDAQ: TBCH) director awarded 16,634 restricted shares vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scherping Katherine Lee reported acquisition or exercise transactions in this Form 4 filing.
Turtle Beach Corp director Katherine Lee Scherping received a grant of 16,634 shares of common stock as equity compensation. The award was reported at a price of $0.00 per share and increases her directly held stake to 31,099 shares. These are restricted shares scheduled to vest on April 1, 2027, meaning she will gain full ownership rights over time as long as vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scherping Katherine Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,634 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,099 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted share grant: 16,634 shares
Grant price: $0.00 per share
Holdings after grant: 31,099 shares
+1 more
4 metrics
Restricted share grant
16,634 shares
Equity award on April 1, 2026
Grant price
$0.00 per share
Reported transaction price for award
Holdings after grant
31,099 shares
Total common shares directly held post-transaction
Vesting date
April 1, 2027
Restricted shares vesting schedule per footnote
Key Terms
restricted shares, vest, grant, award, or other acquisition
3 terms
vest financial
"These are restricted shares that will vest on April 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Turtle Beach (TBCH) report for Katherine Lee Scherping?
Turtle Beach reported that director Katherine Lee Scherping received a grant of 16,634 shares of common stock. This equity award was recorded at $0.00 per share and represents additional compensation rather than an open-market purchase, increasing her directly held ownership stake.
Is Katherine Lee Scherping’s Turtle Beach (TBCH) transaction a buy or a grant?
The transaction is a grant of shares, not a market buy. The Form 4 classifies it as a “grant, award, or other acquisition,” showing 16,634 shares acquired at $0.00 per share as part of equity compensation rather than an open-market purchase.