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SEC Form 4UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).OMB Number:32350287Estimated
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Formse performance-based restricted stock refers to a specific type of stock compensation that is granted to employees based on the achievement of certain performance goals, which must be met for the stock to vest.
Companies that issue performance-based restricted stock to their employees or executives are required to file the relevant formse detailing these stock awards.
To fill out formse performance-based restricted stock, a company must provide information regarding the recipient, the terms of the performance criteria, the number of shares involved, and the vesting schedule.
The purpose of formse performance-based restricted stock is to incentivize employees by aligning their interests with company performance, ultimately encouraging them to drive growth and profitability.
The information that must be reported includes the total number of shares granted, the performance milestones, the grant date, the vesting schedule, and any other relevant terms and conditions.
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