January 30, 2024 · Form 4 insider transaction
Krishnaswamy Suresh bought 1,646 shares of LFLY at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents a multi-year performance-stock unit ("PSU") award granted to the reporting person in 2022 (the "2022 PSUs") under the Issuer's 2021 Equity Incentive Plan ("Plan"). The 2022 PSUs are split into three tranches of 4,188 PSUs each ("Tranche I", "Tranche II", or "Tranche III"), with the number of PSUs eligible to vest conditioned on the achievement of certain performance targets established by the Compensation Committee (the "Committee") of the Issuer's Board of Directors for specified annual performance periods. The number of PSUs eligible to vest in Tranche II for the calendar year "2023 Performance Period" was conditioned on the Issuer's achievement of certain Committee-approved cash balance targets as of December 31, 2023 (the "Tranche II Goals"). On January 30, 2024, the Committee certified the Issuer's maximum achievement of the Tranche II Goals, resulting in the vesting of 100% of the 2022 PSUs applicable to Tranche II, as reported.