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SEC Form 4 OMB APPROVALUNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549 OMB Number:32350287Estimated average understatement OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box
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Form performance-based RSUs granted refers to a documentation process used by companies to report the grant of restricted stock units that are awarded to employees based on the achievement of specific performance goals.
Companies that grant performance-based RSUs to employees are required to file this form to ensure compliance with tax regulations and reporting requirements.
To fill out the form, companies should provide details such as the names of the recipients, the number of RSUs granted, the performance targets, the grant date, and the vesting schedule.
The purpose of the form is to provide transparency to tax authorities and to track the taxable events associated with performance-based RSUs for employees.
The information that must be reported includes the name of the grantee, number of RSUs granted, performance criteria for vesting, grant date, and any applicable vesting conditions.
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