Each restricted stock unit represents a contingent right to receive one share of Cardtronics common stock.
In accordance with Cardtronics' 2013 Long Term Equity Incentive Plan and subject to the terms thereof, each restricted stock unit will convert into one share of Cardtronics common stock as follows: 50% of the units on January 31, 2015; 25% of the units on January 31, 2016; and 25% of the units on January 31, 2017.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever Cardtronics makes a similar move, sign up!
Other recent filings from the company include the following: