The replacement awards may lead to more shares and added pay costs. They restore incentives the same executive forfeited, and the filing reports no change to Rimini Street’s business plans, so the company’s outlook stays unchanged.
This keeps the sales chief tied to Rimini Street through future vesting dates. The awards replace incentives he lost when he briefly left. They may lead to more shares and added pay costs, but the filing reports no change to the company’s business plans.
Follow Rimini Street, Inc. (RMNI) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for RMNI