other material
confidence high
sentiment neutral
materiality 0.30
Rimini Street grants $4.3M in 2024 LTI awards to CEO, CFO, and other NEOs
Rimini Street, Inc.
- CEO Seth Ravin receives 485,829 PSUs, 291,497 RSUs, and 309,997 options; total target grant value $2.4M.
- CFO Michael Perica receives 161,943 PSUs, 161,943 RSUs, 129,165 options; target value $1.0M.
- PSUs vest based on 2024 adjusted EBITDA and total revenue goals; payout ranges 0%-200% of target.
- RSUs and stock options vest in three equal annual installments; exercise price $2.47 per share.
- Awards granted under 2013 Equity Incentive Plan; performance period January 1 to December 31, 2024.