Magnite grants CEO Barrett 516k total equity units; PSUs tied to $60/$80/$100 stock price

MAGNITE, INC.

CEO Michael Barrett received 136,939 RSUs vesting one-third annually on Aug 15, 2023-2025.
Also received 379,365 PSUs in three tranches with stock price hurdles of $60, $80, $100 over any trailing 60-day period.
Performance period runs Aug 26, 2022 to Aug 26, 2026; PSUs vest upon price condition met, then earned over 3-5 years.
Unearned PSUs accelerate upon involuntary termination; total potential dilution of 516,304 shares.

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