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

Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street, acquired stock options and restricted stock units on May 6, 2024.

Summary

• On May 6, 2024, Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street, acquired 38,749 employee stock options with an exercise price of $2.47, vesting in three equal installments on May 6, 2025, May 6, 2026, and May 6, 2027.
• She also acquired 48,582 restricted stock units, each representing a contingent right to receive one share of Rimini Street's common stock upon vesting.
• These restricted stock units will vest in three equal installments on May 6, 2025, May 6, 2026, and May 6, 2027.
• Lyskawa directly owns 123,531 shares of Rimini Street common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the executive's continued contribution and the company's future performance. It's a neutral-positive signal.

Positives

• The grant of stock options and restricted stock units to a key executive like the Chief Client Officer suggests an incentive to align her interests with the long-term success of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the stock options and restricted stock units implies an expectation of continued service from the executive.

Industry Context

Stock option and RSU grants are a common practice in the tech industry to incentivize and retain key executives. The size of the grant and vesting schedule are typical for executive compensation packages.

Comparison to Industry Standards

• Companies like Oracle and SAP, which Rimini Street competes with, also use stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedule of three years is a standard practice in the industry to ensure long-term commitment from executives.
• The exercise price of $2.47 for the stock options is relevant to the current market price of Rimini Street's stock.

Stakeholder Impact

• Shareholders may view the grant as a positive sign, aligning executive interests with company performance.
• Employees may see this as a positive sign of the company investing in its leadership.
• The grant has no immediate impact on customers, suppliers, or creditors.

Key Dates