Brandon Solano, Pizza Inn Holdings's Chief Executive Officer, has just filed an initial statement of beneficial ownership where 39,669 shares of Pizza Inn Holdings were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Solano. Solano operates out of The Colony, TX. Some additional info was provided as follows:
Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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