The restricted shares vest 50% on the third anniversary of the date of grant, and 25% on each of the fourth and fifth anniversaries of the date of grant.
Total Shareholder Return Performance Restricted Stock Units
Total Shareholder Return Performance Restricted Stock Units can be earned based upon the relative total shareholder return of ATMI common stock versus the Russell 2000 Index during the performance period from January 1, 2014 - December 31, 2016. Share amount shown represents maximum potential grant pursuant to this award, which represents 175% of the target award. The ultimate grant amount earned can range from zero to the maximum amount depending on relative performance over the applicable period. Vesting takes place, as applicable, after the performance level is determined.
Earned amount vests immediately upon determination of performance. Any unearned amount, upon determination of performance, expires immediately.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. ATMI Inc. next reports earnings on February 03, 2014.
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Other recent filings from the company include the following:
Annual report [Section 13 and 15(d), not S-K Item 405] - April 23, 2014
ATMI Inc. director just disposed of 8,824 shares - April 17, 2014