Xponential CEO awarded 468,755 RSUs
Nuzzo Michael reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nuzzo Michael reported acquisition or exercise transactions in this Form 4 filing.
Xponential Fitness, Inc. Chief Executive Officer Michael Nuzzo reported an equity award of 468,755 shares of Class A common stock in the form of restricted stock units (RSUs). The RSUs were granted at a price of $0.0000 per share and increase his directly held stake to 901,493 shares.
The RSUs will vest in three equal installments, with 33.33% of the shares vesting on each of the first, second, and third anniversaries of the grant date. Each vesting event is conditioned on Mr. Nuzzo’s continued employment through the applicable vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 468,755 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the Issuer's Class A common stock subject to restricted stock units (RSUs). The RSUs shall vest with respect to 33.33% of shares subject to such RSUs on each of the three anniversaries of the grant date, in each case subject to the Reporting Person's continued employment through such vesting date.
FAQ
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What insider transaction did Xponential Fitness (XPOF) report for Michael Nuzzo?
What are the vesting terms of Michael Nuzzo’s new Xponential Fitness (XPOF) RSUs?
Is Michael Nuzzo’s Xponential Fitness (XPOF) RSU award an open-market stock purchase?
What role does continued employment play in Michael Nuzzo’s Xponential Fitness (XPOF) RSU vesting?
What type of security was granted to Xponential Fitness (XPOF) CEO Michael Nuzzo?
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