secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001635282-26-000024
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street approves 2026 LTI Plan for executives; CEO grant valued at $2.64M
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- CEO Seth Ravin gets $2.64M target grant: 354,838 PSUs, 212,903 RSUs, 221,028 options at $3.72 strike.
- CFO Michael Perica gets $1M grant; other NEOs (Hershkowitz, Maddock, Rowe) each get $300K.
- PSUs based on 2026 adjusted EBITDA and total revenue targets; earned shares range 0-200% of target.
- RSUs and stock options vest over three years; exercise price equals $3.72 closing price on grant date.
- Accelerated vesting provisions for CEO and other NEOs on termination without cause or change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000024/0001635282-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000024/rmni-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001635282-26-000024

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