other material
confidence high
sentiment neutral
materiality 0.40
Digital Turbine board voids excess CEO equity awards over plan limit, caps at 236,909 shares
Digital Turbine, Inc.
- Board voided portion of CEO William Stone's equity grants exceeding 500,000 annual share limit under 2020 Plan.
- Performance-vesting RSUs based on revenue, adjusted EBITDA, and absolute TSR capped at 236,909 shares.
- Performance-vesting RSUs based on absolute and relative TSR performance metrics voided entirely.
- Action taken September 15, 2023 to clarify May 22, 2023 award terms and ensure compliance.