Michael F Burns, Pizza Inn Holdings's Chief Operating Officer, just received 53,663 restricted shares from the company. The restricted shares don't become available to Burns until October 15, 2023. Burns now owns at least 53,663 restricted shares of the company.
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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