Business context and reporting period
Rimini Street, Inc. filed this Form 8-K on October 2, 2026, reporting compensation awards effective October 1, 2026. The filing concerns awards to Steven Hershkowitz, Executive Vice President and Chief Revenue Officer; it does not report a quarterly or annual financial period.
Key terms and financial information
- Stock options: 210,084 options, exercisable at $4.29 per share and with a 10-year term. Vesting is staged from October 1, 2027 through March 2, 2029, subject to continued service.
- Restricted stock units: 233,180 RSUs, each settleable in one common share upon vesting. Vesting is scheduled in installments from October 1, 2027 through March 2, 2029, subject to continued service.
- Performance units: 32,258 target PSUs. The number earned depends on fiscal 2026 adjusted EBITDA and total revenue goals; earned units then vest in three installments from October 1, 2027 through March 2, 2029, subject to continued service.
- The options, RSUs, and PSUs were issued under the Company’s 2013 Equity Incentive Plan. The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or valuation figures.
Material change versus prior events
The awards are intended to restore shares underlying unvested awards forfeited when Hershkowitz resigned on September 8, 2026. He was reinstated to the same executive role effective September 14, 2026, as disclosed in a prior Form 8-K. The new awards use current exercise prices and vesting terms.
Outlook, conditions, and notable terms
The PSU award is tied to the Company’s fiscal 2026 performance goals. The filing refers to the March 3, 2026 Form 8-K for the plan’s calculation methodology and notes potential accelerated vesting provisions in specified circumstances following a change of control. All awards are subject to their plan and award-agreement terms; most vesting requires continued service. No company-wide financial guidance or management outlook is provided.
Important facts for investors to verify
- Review the referenced March 3, 2026 Form 8-K for PSU performance thresholds, payout mechanics, and change-of-control terms.
- Confirm the final number of PSUs earned after fiscal 2026 results are determined.
- Assess the potential share dilution from the awards and the applicable vesting and forfeiture conditions.
- Check the Company’s later filings for any subsequent changes to Hershkowitz’s role or compensation awards.