Equity grants to American Outdoor Brands (AOUT) chief product officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tayon James Earl reported acquisition or exercise transactions in this Form 4 filing.
American Outdoor Brands Chief Product Officer Tayon James Earl received new equity awards in the form of restricted stock units and performance rights. He was granted 9,872 shares of common stock as restricted stock units that vest in three equal installments on May 27, 2027, May 1, 2028, and May 1, 2029, subject to withholding.
He also received 19,742 performance rights, each tied to one share of common stock, that vest based on cumulative adjusted EBITDA and average return on invested capital over a three-year performance period. The 19,742 performance rights represent the maximum, equal to two times the target shares. Following these grants, he directly holds 60,938 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tayon James Earl
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 19,742 | $0.00 | -- |
| Grant/Award | Common Stock | 9,872 | $0.00 | -- |
Holdings After Transaction:
Performance Rights — 19,742 shares (Direct, null);
Common Stock — 60,938 shares (Direct, null)
Footnotes (1)
- One third of the restricted stock units shall vest and be delivered, net of withholding, on May 27, 2027, May 1, 2028, and May 1, 2029. Each performance right represents a contingent right to receive one share of the Issuer's stock. The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics over a three-year performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.
Key Figures
Restricted stock units granted: 9,872 shares
Common shares held after grant: 60,938 shares
Performance rights granted (maximum): 19,742 rights
+4 more
7 metrics
Restricted stock units granted
9,872 shares
Common Stock grant on May 27, 2026
Common shares held after grant
60,938 shares
Direct ownership after RSU award
Performance rights granted (maximum)
19,742 rights
Each right for one share of Common Stock
Performance rights expiration
May 27, 2029
Expiration date for unvested performance rights
RSU vesting dates
May 27, 2027; May 1, 2028; May 1, 2029
One-third of RSUs vest on each date
Performance period length
Three years
For cumulative adjusted EBITDA and ROIC metrics
Performance award leverage
2x target shares
19,742 rights represent twice target share number
Key Terms
restricted stock units, performance rights, cumulative adjusted EBITDA, average return on invested capital
4 terms
restricted stock units financial
"One third of the restricted stock units shall vest and be delivered, net of withholding, on May 27, 2027..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance rights financial
"Each performance right represents a contingent right to receive one share of the Issuer's stock."
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
cumulative adjusted EBITDA financial
"The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics..."
average return on invested capital financial
"The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics..."
FAQ
What equity awards did AOUT Chief Product Officer Tayon James Earl receive?
Tayon James Earl received 9,872 restricted stock units and 19,742 performance rights. The restricted stock units settle in common shares over time, while the performance rights can convert to common stock based on multi-year financial performance conditions.
How and when do the AOUT restricted stock units for Tayon James Earl vest?
The 9,872 restricted stock units vest in three equal installments. One third vests and is delivered, net of withholding, on May 27, 2027, with additional one-third tranches on May 1, 2028, and May 1, 2029, assuming continued satisfaction of grant conditions.
What performance conditions apply to Tayon James Earl’s AOUT performance rights?
Each performance right represents a right to one common share, vesting on performance. Vesting depends on cumulative adjusted EBITDA and average return on invested capital over a three-year performance period, directly tying the award to American Outdoor Brands’ multi-year financial results.
When do Tayon James Earl’s AOUT performance rights expire if unvested?
The performance rights have an expiration date of May 27, 2029. If the specified cumulative adjusted EBITDA and return on invested capital targets are not met by the end of the performance period, some or all rights may never convert into common shares.