Turtle Beach counsel reports PSU vesting, tax withholding
Turtle Beach Corp General Counsel Megan S. Wynne reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Turtle Beach Corp General Counsel Megan S. Wynne reported routine equity compensation activity. On April 1, 2026 she acquired 1,450 shares of common stock through the exercise of performance stock units (PSUs), and 738 shares were withheld to satisfy tax obligations related to PSU vesting.
Separately, on May 1, 2026 she was granted 4,395 PSUs, which convert into common stock on a one-for-one basis upon meeting performance and time-based vesting conditions. Following these transactions, she directly holds 72,202 shares of common stock and multiple outstanding stock option, RSU, and PSU awards with various exercise prices and vesting schedules.
Insider Trade Summary
1,450 shares exercised/converted
Exercise
12 txns
Insider
Wynne Megan S.
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 4,395 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,450 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| Exercise | Common Stock | 1,450 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 738 | $11.22 | $8K |
Holdings After Transaction:
Performance Stock Units — 2,945 contracts (Direct);
Common Stock — 72,202 shares (Direct);
Restricted Stock Units — 40,349 contracts (Direct);
Stock Option (Right to Buy) — 57,741 contracts (Direct)
Footnotes (11)
- F1. Performance stock units ("PSUs") were converted into common stock on a one-for-one basis.
- F2. Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs awarded to the reporting person.
- F3. These securities are PSUs 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.
- F4. Acquired upon achievement of certain performance criteria of PSUs granted to the reporting person on April 1, 2025 under the Turtle Beach Corporation 2023 Stock Based Incentive Compensation Plan, as amended. Performance was measured over 12 months (May 1, 2025 through May 1, 2026) with respect to a stock price performance metric and 12 months (January 1, 2025 through December 31, 2025) with respect to an Adjusted EBITDA performance metric, with additional time-based vesting for earned units over two years.
- F5. These PSUs granted on April 1, 2025 vest as follows: 1,450 on May 1, 2026, 1,450 on April 1, 2027 and 1,495 on April 1, 2028.
- F6. The securities are restricted stock units ("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.
- F7. These RSUs vest in equal annual installments until April 1, 2027.
- F8. These RSUs vest in equal annual installments until April 1, 2028.
- F9. These RSUs vest in equal annual installments until April 1, 2029.
- F10. One-quarter of these RSUs will vest on April 1, 2027, with the remainder of the RSUs vesting in equal annual installments until April 1, 2030.
- F11. These options were exercisable as of the transaction date.
Key Figures
PSUs exercised into common stock: 1,450 shares
Shares withheld for taxes: 738 shares
Common shares held after transactions: 72,202 shares
+5 more
8 metrics
PSUs exercised into common stock
1,450 shares
Performance stock units converted one-for-one into common stock on April 1, 2026
Shares withheld for taxes
738 shares
Common stock withheld to satisfy tax obligations on PSU vesting at $11.22 per share
Common shares held after transactions
72,202 shares
Direct ownership of Turtle Beach common stock following April 1, 2026 transactions
New performance stock unit grant
4,395 PSUs
Grant acquired May 1, 2026, each PSU linked to one common share or equivalent value
Stock option position at $5.95
31,875 underlying shares
Stock options exercisable as of transaction date, expiring April 1, 2030
Stock option position at $12.10
18,209 underlying shares
Stock options exercisable as of transaction date, expiring April 1, 2029
Restricted stock units vesting to 2029
8,715 underlying shares
RSUs with zero exercise price, vesting in equal annual installments until April 1, 2029
Restricted stock units vesting to 2030
6,125 underlying shares
RSUs with zero exercise price, vesting with a portion on April 1, 2027 and annually to April 1, 2030
Key Terms
Performance stock units ("PSUs"), Restricted stock units ("RSUs"), Adjusted EBITDA, tax withholding obligations, +1 more
5 terms
Performance stock units ("PSUs") financial
"Performance stock units ("PSUs") were converted into common stock on a one-for-one basis."
Restricted stock units ("RSUs") financial
"The securities are restricted stock units ("RSUs") representing a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Adjusted EBITDA financial
"with respect to an Adjusted EBITDA performance metric, with additional time-based vesting for earned units"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations upon the vesting of PSUs"
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Turtle Beach (TBCH) General Counsel Megan Wynne report in this Form 4?
Megan Wynne reported equity compensation events, including the exercise of 1,450 performance stock units into common shares and a new grant of 4,395 PSUs. She also had 738 shares withheld to cover tax obligations tied to the vesting.
What performance stock unit (PSU) grant did Megan Wynne receive at Turtle Beach (TBCH)?
She received a grant of 4,395 performance stock units, each representing a contingent right to one share of Turtle Beach common stock or equivalent value. Vesting depends on stock price and Adjusted EBITDA performance metrics plus additional time-based vesting requirements.
How were taxes handled on Megan Wynne’s Turtle Beach (TBCH) equity vesting?
To satisfy tax withholding obligations arising from PSU vesting, 738 shares of Turtle Beach common stock were withheld. This F-code disposition is not an open-market sale but a mechanism for paying taxes directly through a portion of the vested shares.
What derivative equity awards does Megan Wynne still hold at Turtle Beach (TBCH)?
She continues to hold stock options and restricted stock units over Turtle Beach common stock, including options with exercise prices such as $5.95, $12.10, $3.12, and $2.04, plus several RSU and PSU awards subject to future vesting conditions and expiration dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
