Teads COO granted 73,836 performance-based shares
Porat Asaf reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Porat Asaf reported acquisition or exercise transactions in this Form 4 filing.
Teads Holding Co. Chief Operating Officer Asaf Porat received an equity award tied to past performance. On March 11, 2026, a previously granted performance-based restricted stock unit (PSU) award resulted in the issuance of 73,836 shares of common stock.
The PSUs were originally granted on June 5, 2023 under the 2021 Long-Term Incentive Plan, based on Ex-TAC Gross Profit growth and Adjusted EBITDA to Ex-TAC Gross Profit over multi-year periods. The compensation committee certified achievement of 100% of the Ex-TAC target and 64.08% of the EBITDA target. Following this issuance, Porat directly owns 1,002,136 shares of common stock, reflecting compensation rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 73,836 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents performance-based restricted stock units (PSUs) originally granted on June 5, 2023, under the Issuer's 2021 Long-Term Incentive Plan. The PSUs were subject to achievement of specified internal financial performance metrics over a performance period ending December 31, 2025. The award provided for (i) 45,000 target units based on the Company's average Ex-TAC Gross Profit growth from January 1, 2024 through December 31, 2025 ("the Ex-TAC Target"), and (ii) 45,000 target units based on the cumulative percentage of Adjusted EBITDA to Ex-TAC Gross Profit over the period January 1, 2023 through December 31, 2025 ("the EBITDA Target"). On March 11, 2026, the Compensation Committee certified achievement of 100% of the Ex-TAC Target and 64.08% of the EBITDA Target, resulting in the issuance of 73,836 shares of common stock.
FAQ
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What did Teads (TEAD) COO Asaf Porat report in this Form 4?
Was the Teads COO’s Form 4 transaction an open-market stock purchase?
What target levels were achieved for Teads’ performance-based PSU award to the COO?
When were the performance-based restricted stock units originally granted to the Teads COO?
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