Form 4 for TBCH Turtle Beach Corp
Accepted 2022-04-04 00:00:00 ET · period of report 2022-04-01 · accession 0001209191-22-022698 · 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 | 2022-04-04 | 2022-04-01 | TBCH | Hanson John T | CFO, Treas, Sec | F - Tax | $21.51 | -8,844 | 30.4K | -23% | -$190.2K |
| DM | 2022-04-04 | 2022-04-01 | TBCH | Hanson John T | CFO, Treas, Sec | M - OptEx | — | +19.7K | 27.9K | +243% | — |
| DM | 2022-04-04 | 2022-04-01 | TBCH | Hanson John T | CFO, Treas, Sec | M - OptEx | $0.00 | -19.7K | 13.5K | -59% | $0 |
| D | 2022-04-04 | 2022-04-01 | TBCH | Hanson John T | CFO, Treas, Sec | A - Grant | $0.00 | +24.0K | 24.0K | 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 | 2022-04-01 | F | D | 8,844 | $21.51 | 30,398 | D | — | — | (F3) Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock and performance stock awarded to the reporting person. |
| 2 | Common | Common Stock | 2022-04-01 | M | A | 6,875 | — | 34,742 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2022-04-01 | M | A | 4,500 | — | 39,242 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2022-04-01 | M | A | 3,360 | — | 22,867 | D | — | — | (F1) Performance stock units were converted into common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2022-04-01 | M | A | 5,000 | — | 27,867 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 6 | Derivative | Restricted Stock Units | 2022-04-01 | M | D | 5,000 | $0.00 | 5,000 | D | — · — to — | 5,000 Common Stock | (F6) 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. (F7) These restricted stock units vest in equal annual installments until April 1, 2023. |
| 7 | Derivative | Restricted Stock Units | 2022-04-01 | M | D | 6,875 | $0.00 | 13,750 | D | — · — to — | 6,875 Common Stock | (F6) 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. (F8) These restricted stock units vest in equal annual installments until April 1, 2024. |
| 8 | Derivative | Restricted Stock Units | 2022-04-01 | A | A | 24,000 | $0.00 | 24,000 | D | — · — to — | 24,000 Common Stock | (F6) 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) One-quarter of these restricted stock units will vest on April 1, 2023, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2026. |
| 9 | Derivative | Performance Stock Units | 2022-04-01 | M | D | 3,360 | $0.00 | 0 | D | — · — to — | 3,360 Common Stock | (F4) 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, 2021 under the Turtle Beach Corporation Stock Based 2013 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 vested on April 1, 2022. |
| 10 | Derivative | Restricted Stock Units | 2022-04-01 | M | D | 4,500 | $0.00 | 13,500 | D | — · — to — | 4,500 Common Stock | (F6) 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 vest in equal annual installments until April 1, 2025. |