other material
confidence high
sentiment neutral
materiality 0.30
nLIGHT grants CEO Keeney 116,666 RSUs & 116,667 PRSUs; CFO Corso 42,500 each
NLIGHT, INC.
- CEO Scott Keeney received 116,666 time-vesting RSUs and 116,667 performance-based RSUs (target).
- CFO Joseph Corso received 42,500 RSUs and 42,500 performance-based RSUs.
- RSUs vest: 1/3 on June 1, 2023, then quarterly over 8 quarters.
- PRSUs vest based on nLIGHT's TSR relative to Russell 2000 over 3-year period ending June 30, 2025, 0-200% of target.
- Award granted under 2018 Equity Incentive Plan; PRSU agreement filed as Exhibit 10.1.