other material
confidence high
sentiment neutral
materiality 0.35
Beachbody amends executive option, reprices underwater options to $6.43
Beachbody Company, Inc.
- Committee amended Goldston's option covering 477,661 shares (post-1-for-50 split) to time-based vesting only, removing performance goals.
- Option now vests 25% per year on anniversaries of June 15, 2023, subject to continued service.
- Board approved repricing of underwater options for eligible employees and named officers (excluding CEO and Board) to $6.43, the Nov 13, 2024 closing price.