4//SEC Filing
Kirscht Patrick 4
Accession 0001538716-23-000180
CIK 0001538716other
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 8:14 PM ET
Size
9.3 KB
Accession
0001538716-23-000180
Insider Transaction Report
Form 4
Kirscht Patrick
Chief Credit Officer
Transactions
- Award
Common Stock
2023-12-06+49,339→ 292,379 total - Award
Performance Stock Units
2023-12-06+49,339→ 49,339 totalExp: 2026-03-10→ Common Stock (49,339 underlying)
Holdings
- 2,900(indirect: By Children)
Common Stock
- 2,900(indirect: By Children)
Common Stock
Footnotes (3)
- [F1]The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2023, subject to the continued service of the Reporting Person on each vesting date.
- [F2]Each Restricted Stock Unit (RSU) and each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
- [F3]PSUs will vest based on the Company's achievement of absolute total shareholder return (Company TSR). The TSR period will be the three (3) year period covering calendar years 2023 through 2025. The target number of units subject to the award is presented in the table. The performance metric will be met, and the PSUs will vest, based on percentile achievement of 0% to 125% of the target number of units, depending on performance. Any PSUs achieved above 100% of target may be paid out to the Reporting Person in either cash or shares of common stock, at the sole discretion of the Company's Compensation and Leadership Committee. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that are achieved will be scheduled to vest on March 10, 2026.
Documents
Issuer
Oportun Financial Corp
CIK 0001538716
Entity typeother
Related Parties
1- filerCIK 0001786250
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 8:14 PM ET
- Size
- 9.3 KB