other material
confidence high
sentiment neutral
materiality 0.50
Digital Turbine grants performance-based RSUs to CEO and CFO with revenue/EBITDA targets and TSR modifier
Digital Turbine, Inc.
- CEO Stone granted 70,330 target PSUs; CFO Garrison granted 26,257 target PSUs; vesting based 50% on 3-yr revenue, 50% on 3-yr adjusted EBITDA.
- PSU payout ranges from 50% to 200% of target based on goal achievement; TSR modifier may increase vested shares up to 120% vs S&P Software & Services Index.
- CFO Garrison's FY2023 annual incentive payout percentages raised to threshold 50%, target 100%, stretch 200% of base salary.
- Also granted time-vesting RSUs and stock options with exercise price at 110% of grant date closing price.
- Compensation committee may adjust future percentages and allocations despite existing employment agreements.