Form 4: Rimini Street EVP & CFO Michael Perica Reports Stock and Options Grant

Michael L. Perica, EVP & CFO of Rimini Street, Inc., reports the grant of restricted stock units and employee stock options.

Summary

• Michael L. Perica, the EVP & Chief Financial Officer of Rimini Street, Inc., filed a Form 4 on March 6, 2025.
• The report details the grant of 114,942 Restricted Stock Units (RSUs) and 91,502 Employee Stock Options on March 4, 2025.
• The RSUs vest ratably over three years, starting March 4, 2026, and the stock options also vest in three equal installments beginning March 4, 2026, contingent upon continued service.
• Following these transactions, Perica directly owns 166,462 shares of Rimini Street common stock, 114,942 RSUs, and 91,502 employee stock options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of equity suggests confidence in the executive and aligns his interests with shareholders. There are no explicitly negative indicators.

Positives

• The grant of RSUs and stock options aligns Perica's interests with those of the shareholders, incentivizing him to improve company performance.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The document does not contain specific forward-looking statements about the company's financial performance, but the equity grants suggest an expectation of continued service and contribution from the CFO.

Industry Context

Equity grants are a common practice in the technology industry to attract and retain key executives. The size and vesting schedule of the grant are typical for a CFO role in a company of Rimini Street's size.

Comparison to Industry Standards

• Equity compensation for CFOs in similarly sized tech companies often includes a mix of stock options and restricted stock units.
• Vesting schedules of three to four years are standard to ensure long-term alignment with company goals.
• Companies like Nutanix and SolarWinds, which operate in related sectors, also utilize similar equity-based compensation strategies for their executive teams.

Stakeholder Impact

• Shareholders may view the equity grant positively as it incentivizes the CFO to drive company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates