Form 4 for TBCH Turtle Beach Corp
Accepted 2024-04-03 00:00:00 ET · period of report 2024-04-01 · accession 0000894579-24-000184 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-04-03 | 2024-04-01 | TBCH | Hanson John T | CFO, Treas | M - OptEx | — | +41.2K | 68.6K | +150% | — |
| D | 2024-04-03 | 2024-04-01 | TBCH | Hanson John T | CFO, Treas | F - Tax | $17.17 | -18.3K | 68.7K | -21% | -$313.5K |
| DM | 2024-04-03 | 2024-04-01 | TBCH | Hanson John T | CFO, Treas | M - OptEx | $0.00 | -41.2K | 0 | -100% | $0 |
| D | 2024-04-03 | 2024-04-01 | TBCH | Hanson John T | CFO, Treas | A - Grant | $0.00 | +8,736 | 8,736 | 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 | 2024-04-01 | M | A | 5,334 | — | 55,138 | D | — | — | (F1) Performance stock units were converted into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-04-01 | M | A | 7,875 | — | 86,989 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2024-04-01 | M | A | 6,000 | — | 79,114 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2024-04-01 | M | A | 4,500 | — | 73,114 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2024-04-01 | F | D | 18,261 | $17.17 | 68,728 | D | — | — | |
| 6 | Common | Common Stock | 2024-04-01 | M | A | 4,000 | — | 49,804 | D | — | — | (F1) Performance stock units were converted into common stock on a one-for-one basis. |
| 7 | Common | Common Stock | 2024-04-01 | M | A | 6,601 | — | 61,739 | D | — | — | (F1) Performance stock units were converted into common stock on a one-for-one basis. |
| 8 | Common | Common Stock | 2024-04-01 | M | A | 6,875 | — | 68,614 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 9 | Derivative | Restricted Stock Units | 2024-04-01 | M | D | 6,875 | $0.00 | 0 | D | — · — to — | 6,875 Common stock | (F8) The securities are restricted stock units 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. (F9) These restricted stock units vested in full on April 1, 2024. |
| 10 | Derivative | Restricted Stock Units | 2024-04-01 | M | D | 4,500 | $0.00 | 4,500 | D | — · — to — | 4,500 Common stock | (F8) The securities are restricted stock units 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. (F10) These restricted stock units vest in equal annual installments until April 1, 2025. |
| 11 | Derivative | Restricted Stock Units | 2024-04-01 | M | D | 6,000 | $0.00 | 12,000 | D | — · — to — | 6,000 Common stock | (F8) The securities are restricted stock units 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. (F11) These restricted stock units vest in equal annual installments until April 1, 2026. |
| 12 | Derivative | Restricted Stock Units | 2024-04-01 | M | D | 7,875 | $0.00 | 23,625 | D | — · — to — | 7,875 Common stock | (F8) The securities are restricted stock units 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. (F12) These restricted stock units vest in equal annual installments until April 1, 2027 |
| 13 | Derivative | Restricted Stock Units | 2024-04-01 | A | A | 8,736 | $0.00 | 8,736 | D | — · — to — | 8,736 Common stock | (F8) The securities are restricted stock units 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. (F13) One-quarter of these restricted stock units will vest on April 1, 2025, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2028. |
| 14 | Derivative | Performance Stock Units | 2024-04-01 | M | D | 4,000 | $0.00 | 0 | D | — · — to — | 4,000 Common stock | (F4) These 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, 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. |
| 15 | Derivative | Performance Stock Units | 2024-04-01 | M | D | 5,334 | $0.00 | 0 | D | — · — to — | 5,334 Common stock | (F4) These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F6) 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. Vested shares for this grant have been rounded to the nearest whole share upon conversion into common stock on a one-for-one basis. |
| 16 | Derivative | Performance Stock Units | 2024-04-01 | M | D | 6,601 | $0.00 | 0 | D | — · — to — | 6,601 Common stock | (F4) These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F7) 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. Vested shares for this grant have been rounded to the nearest whole share upon conversion into common stock on a one-for-one basis. |