secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001635282-24-000115
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street grants $4.3M in 2024 LTI awards to CEO, CFO, and other NEOs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000115/0001635282-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000115/rmni-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001635282-24-000115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer