AppLovin grants CEO & CTO performance-based PSUs covering 17.26M shares with $36-$79 stock price targets

AppLovin Corp

Total PSUs of 17,255,000 shares; 40% each to CEO Foroughi and CTO Shikin, 20% to Additional Participants.
PSUs vest upon achieving Company Stock Price Targets of $36, $46.75, $57.50, $68.25, and $79.00 per share over 5 years.
CEO must hold 6,902,000 shares for 5 years; other recipients must hold after-tax shares for at least 1 year.
Time-based RSUs of 520,472 shares each also granted to Foroughi and Shikin, vesting fully on Feb 20, 2024.
Board intends these PSUs to be exclusive performance awards for CEO & CTO for next 4 years, barring unforeseen changes.

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