Nautilus 2015 Annual Report Download - page 57
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Please find page 57 of the 2015 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.RSU Activity
Compensation expense for RSUs is recognized over the estimated vesting period. Following is a summary of RSU activity (shares in thousands):
RSUs Outstanding
Weighted-
Average
Grant Date Fair Value
per Share
Outstanding at December 31, 2014 87 $ 5.93
Granted 69
17.58
Vested (46)
4.54
Outstanding at December 31, 2015 110 $ 13.73
PSU Activity
Compensation expense for PSUs is recognized over the estimated requisite service period based on the number of PSUs ultimately expected to vest.
In February and August 2012, we granted PSU awards to certain executive officers covering a total of 82,000 shares of our common stock. The PSUs vested based
on achievement of certain operating income and return on asset goals established for a three-year performance period. The number of PSUs that vest can range
from 60% of the PSUs if minimum thresholds are achieved to a maximum of 150% . These awards vested in full at the 150% maximum achievement, net of
forfeitures, for a total of 95,250 shares.
In May 2013, we granted PSU awards to certain of our executive officers covering a total of 24,500 shares of our common stock. The PSUs vest based on
achievement of certain operating income and return on asset goals established for a three-year performance period. The number of shares vesting under the PSU
awards following conclusion of the performance period will be determined based on the level at which the financial goals are achieved. The number of shares
vesting can range from 60% of the PSU awards if minimum thresholds are achieved to a maximum of 150% . These awards are expected to vest in full at the 150%
maximum achievement, with the exception of any forfeitures.
In February 2014, we granted PSU awards to certain of our executive officers covering a total of 82,494 shares of our common stock. The PSUs vest based on
achievement of goals established for operating income and revenue growth for a three-year performance period. The number of shares vesting under the PSU
awards following conclusion of the performance period will be determined based on the level at which the financial goals are achieved. The number of shares
vesting can range from 60% of the PSU awards if minimum thresholds are achieved to a maximum of 150% .
In April and September 2015, we granted PSU awards to certain of our executive officers and management team covering a total of 56,820 shares of our common
stock. The PSUs vest based on achievement of goals established for certain operating income and return on asset criteria for a three-year performance period. The
number of shares vesting under the PSU awards following conclusion of the performance period will be determined based on the level at which the financial goals
are achieved. The number of shares vesting can range from 60% of the PSU awards if minimum thresholds are achieved to a maximum of 150% .
In December 2015, we granted PSU awards to a certain executive officer and management team personnel covering a total of 117,230 shares of our common stock.
The PSUs vest based on achievement of certain operating income and operating margin goals for a three-year performance period. The number of shares vesting
under the PSU awards following conclusion of the performance period will be determined based on the level at which the financial goals are achieved.
Following is a summary of PSU activity (shares in thousands):
PSUs Outstanding
Weighted-
Average
Grant Date Fair Value
per Share
Outstanding at December 31, 2014 166 $ 5.97
Granted and additional goal shares awarded 206
14.87
Vested (95)
2.85
Outstanding at December 31, 2015 277 $ 13.67
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