leadership
confidence high
sentiment neutral
materiality 0.25
Rimini Street grants CRO Hershkowitz 210,084 options and 233,180 RSUs to replace equity forfeited on resignation
Rimini Street, Inc.
- Options total 210,084 shares at a $4.29 strike (Oct 1, 2026 closing price), 10-year term; the largest tranche of 100,000 vests one-third annually from Oct 1, 2027 to March 2, 2029.
- RSUs total 233,180, including 100,002 vesting in full Oct 1, 2027 and 66,667 split 50% on the first anniversary and 50% on Dec 17, 2027.
- Target PSU award of 32,258 units tied to FY2026 adjusted EBITDA and total revenue goals under the 2026 LTI Plan; earned units vest a third each on Oct 1, 2027, March 2, 2028 and March 2, 2029.
- Awards restore shares Steven Hershkowitz forfeited when he resigned Sept 8, 2026; he was reinstated as Executive Vice President and Chief Revenue Officer effective Sept 14, 2026.
- Compensation Committee approved the grants effective Oct 1, 2026; all awards require continued service and are issued under the 2013 Equity Incentive Plan.