Form 4: OneSpaWorld Director Marc Magliacano Receives Restricted Stock Units

Director Marc Magliacano of OneSpaWorld Holdings Ltd. was granted 12,127 restricted stock units (RSUs) on July 23, 2024, which vest one year from the grant date.

Summary

• Marc Magliacano, a director of OneSpaWorld Holdings Ltd., received 12,127 restricted stock units (RSUs) on July 23, 2024.
• Each RSU represents a contingent right to receive one common share of OneSpaWorld.
• The RSUs vest one year from the grant date.
• Vested common shares will be delivered to Magliacano on the earlier of the 60th day from separation from service and immediately prior to a change in control.
• Magliacano has an agreement with L Catterton, L.P., where equity awards granted to him are held for the benefit of L Catterton.
• L Catterton Entities may be deemed to have shared beneficial ownership of the equity awards and may be considered directors by deputization.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The grant of RSUs aligns the director's interests with the company's performance.
• The vesting period encourages continued service and commitment from the director.

Future Outlook

The RSUs vest one year from the grant date, indicating a future event tied to the director's continued service.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Related Party Transactions

• Marc Magliacano has entered into a Nominee and Indemnity Agreement with L Catterton, L.P., indicating a related party transaction.

Stakeholder Impact

• The grant of RSUs could have a minor positive impact on shareholder sentiment by aligning director interests with company performance.

Key Dates