Form 4: Rimini Street Executive Receives Stock Options and Restricted Stock Units

Nancy Lyskawa, EVP & Chief Client Officer at Rimini Street, was granted 100,000 restricted stock units and 100,000 stock options on December 17, 2024.

Summary

• Nancy Lyskawa, an executive at Rimini Street, received 100,000 restricted stock units and 100,000 stock options on December 17, 2024.
• The restricted stock units will vest in three equal annual installments starting December 17, 2025, and continuing on December 17, 2026 and December 17, 2027.
• The stock options also vest in three equal annual installments on the same dates as the restricted stock units.
• Both the restricted stock units and stock options are subject to Ms. Lyskawa's continued service with the company.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of executive compensation, which is generally viewed positively as it aligns executive interests with shareholders. There are no negative implications.

Positives

• The grant of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Risks

• The value of the stock options and restricted stock units is dependent on the future performance of Rimini Street's stock price.
• If Ms. Lyskawa leaves the company before the vesting dates, she may forfeit the unvested awards.

Future Outlook

The document does not contain any forward-looking statements about the company's future performance, only details of the equity grants.

Industry Context

Equity grants are a common practice in the technology industry to attract and retain key executives.

Comparison to Industry Standards

• The vesting schedule of three years is fairly standard for equity grants in the technology sector.
• Companies like Oracle and SAP, which are competitors of Rimini Street, also use stock options and restricted stock units as part of their executive compensation packages.
• The specific number of shares and exercise price are specific to the company and the executive's role.

Stakeholder Impact

• Shareholders may view the equity grants positively as they incentivize the executive to improve company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

stock options, restricted stock units, equity compensation, executive compensation, Rimini Street, RMNI, vesting