Gary Barancik, FinTech Acquisition Corp. IV's Chief Financial Officer, just received 50,000 restricted shares from the company. The restricted shares don't become available to Barancik until such time as they become vested. Barancik now owns at least 50,000 restricted shares of the company.
Some additional info was provided as follows:
Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock. PSUs vest based on the achievement of (i) service-based vesting conditions that are satisfied in five equal installments on the 36, 42, 48, 54 and 60 month anniversaries of the grant date and (ii) performance-based vesting conditions that are satisfied upon the achievement of closing stock price hurdl es for 20 out of any 30 consecutive trading days equal to $12, $13.50, $15 and $17, in each case prior to the sixth anniversary of the grant date.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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