Form 4 for TBCH Turtle Beach Corp
Accepted 2024-03-20 00:00:00 ET · period of report 2024-03-18 · accession 0000894579-24-000152 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-20 | 2024-03-18 | TBCH | Keirn Cris | CEO | F - Tax | $0.00 | -4,102 | 13.8K | -23% | $0 |
| DM | 2024-03-20 | 2024-03-18 | TBCH | Keirn Cris | CEO | A - Grant | $0.00 | +14.5K | 4,667 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-18 | F | D | 4,102 | $0.00 | 13,824 | D | — | — | |
| 2 | Derivative | Performance Stock Units | 2024-03-18 | A | A | 5,868 | $0.00 | 5,868 | D | — · — to — | 5,868 Common stock | (F2) The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F5) Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |
| 3 | Derivative | Performance Stock Units | 2024-03-18 | A | A | 4,000 | $0.00 | 4,000 | D | — · — to — | 4,000 Common stock | (F2) The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F3) Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |
| 4 | Derivative | Performance Stock Unit | 2024-03-18 | A | A | 4,667 | $0.00 | 4,667 | D | — · — to — | 4,667 Common stock | (F2) The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F4) Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |