Form 4: Turtle Beach Corp Executive Wynne Reports Stock Transactions
SEC Form 4
Megan S. Wynne, General Counsel of Turtle Beach Corp, reports the conversion of performance stock units (PSUs) and related tax withholding, along with PSU and restricted stock unit (RSU) vesting.
Summary
- On May 9, 2025, Megan S. Wynne, General Counsel of Turtle Beach Corp, reported transactions involving common stock and derivative securities.
- 1,846 performance stock units (PSUs) were converted into common stock on a one-for-one basis.
- 900 shares were withheld to satisfy tax obligations upon the vesting of PSUs at a price of $10.72 per share.
- Wynne acquired 5,592 PSUs upon achievement of certain performance criteria, measured over 13 months for stock price and 12 months for Adjusted EBITDA.
- These PSUs vest over time.
- Wynne also holds restricted stock units (RSUs) that vest in installments until April 1, 2026, April 1, 2027, April 1, 2028 and April 1, 2029.
- Wynne also holds exercisable stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Negatives
- 900 shares were disposed of to cover tax obligations related to the PSU vesting.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/13/2027 | Expiration date for stock options with an exercise price of $2.04 |
| 04/11/2028 | Expiration date for stock options with an exercise price of $3.12 |
| 04/01/2029 | Expiration date for stock options with an exercise price of $12.1 and vesting date for RSUs |
| 04/01/2030 | Expiration date for stock options with an exercise price of $5.95 |
| 05/09/2025 | Date of PSU conversion and tax withholding. |
| 05/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock options, restricted stock units, performance stock units, TBCH, Turtle Beach Corp, Megan S. Wynne, General Counsel
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