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Unity Software (NYSE: U) set three stock-price gates between CEO Matthew Bromberg and 880,000 performance-vesting restricted stock units, with the top bar at $75 per share on a 30-consecutive-calendar-day volume-weighted average price test on the NYSE.
The Compensation Committee approved the grant on August 17 under the company's 2020 Equity Incentive Plan, with a five-year performance window running through August 17, 2031.
The award, designated PPSUs in the filing, splits roughly evenly into three tranches.
Each carries a price hurdle and a service deadline that Bromberg, who holds the titles of President and Chief Executive Officer, must clear simultaneously.
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