Cumulative TSR definition

Cumulative TSR means ((1*(1 + TSR Year 1)*(1 + TSR Year 2)*(1 + TSR Year 3)) ‑ 1.

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Cumulative TSR shall be based on the 30-day average closing stock price of the Shares prior to July 1, 2019 ($34.26) (“Beginning Stock Price”) and the 30-day average closing stock price of the Shares prior to July 1, 2022 (“Ending Stock Price”). Cumulative TSR shall be calculated as follows: ((Ending Stock Price minus Beginning Stock Price ($34.26) plus dividends) divided by Beginning Stock Price ($34.26)) Only whole Units shall be earned in accordance with this Section 2. By way of example and not limitation, earning 66.67% of a Target Award of 100 Units would result in 66 Units being earned and payable.

Cumulative TSR. = ((1*(1 + TSR Year 1)*(1 + TSR Year 2)*(1 + TSR Year 3)) -1) • For purposes of the Cumulative TSR calculation, "TSR" for a given year shall be calculated as follows: Where “D” is the amount of dividends paid to a shareholder of record with respect to one share of common stock during the Performance Period. For purposes of the calculation above, the "Ending Share Price" for the last year (third year) of performance shall be based on a 20 day trailing average closing stock price. The Absolute TSR Percentage of National Storage Affiliates Trust will be compared with the Absolute TSR Percentage of each company in the MSCI US REIT Index and each SS Peer Company. The relative performance of National Storage Affiliates Trust versus the other companies in the MSCI US REIT Index will be expressed in terms of relative percentile ranking, which shall be applied as set forth in the table in Section 1 above. The relative performance of National Storage Affiliates Trust versus the other SS Peer Companies will be expressed as a relative numerical ranking against the other SS Peer Companies, which shall be applied as set forth in the table in Section 2 above.

Examples of Cumulative TSR in a sentence

• Daily returns are calculated over the performance cycle and added together resulting in the Cumulative TSR for the performance cycle.

• If the Company Cumulative TSR exceeds the Target TSR and is less than the Maximum TSR, the percentage of the Target MSUs earned shall be [ ]%, increased by [ ]% for each [ ]% increase in Company Cumulative TSR above [ ]%.

• For example, if the Company Cumulative TSR is [ ]%, then [ ]% of Target MSUs would be earned.

• For example, if the Company Cumulative TSR is [ ]%, then [ ]% of the Target MSUs shall be earned.

• The table below is used to determine the applicable payout percentage, which is then multiplied by 50% to determine the Cumulative TSR - Peer Group weighted payout percentage for purposes of the Composite TSR Percentage.

• For example, if the Company Cumulative TSR is 25%, then 110% of the Target MSUs shall be earned.

• The table below is used to determine the applicable payout percentage, which is then multiplied by 25% to determine the 3 Year Cumulative TSR - Peer Group weighted payout percentage for purposes of the Composite TSR Percentage.

• For example, if the Company Cumulative TSR is 15%, then 85% of Target MSUs would be earned.

• If the Company Cumulative TSR exceeds the Target TSR and is less than the Maximum TSR, the percentage of the Target MSUs earned shall be 100%, increased by 2% for each 1% increase in Company Cumulative TSR above 20%.

More Definitions of Cumulative TSR

Cumulative TSR means: (1) the result of: a. Average Share Price for the last sixty (60) trading days prior to the applicable Vesting Date, minus b. Average Share Price for the sixty (60) trading days preceding the Date of Grant, plus c. Dividends (cash or stock based on ex-dividend date) paid per share of common stock between the Date of Grant and applicable Vesting Date, (2) Average Share Price for the sixty (60) trading days preceding the Date of Grant.

Cumulative TSR shall be based on the 30-day average closing stock price of the Shares prior to July 1, 2018 ($46.58) (“Beginning Stock Price”) and the 30 day average closing stock price of the Shares prior to July 1, 2021 (“Ending Stock Price”). Cumulative TSR shall be calculated as follows:

Cumulative TSR shall be based on the 30-day average closing stock price of the Shares prior to [THE FIRST DATE OF PERFORMANCE PERIOD]($XX.XX) (“Beginning Stock Price”) and the 30-day average closing stock price of the Shares prior to [LAST DAY OF PERFORMANCE PERIOD] (“Ending Stock Price”). Cumulative TSR shall be calculated as follows: Coherent Corp. PSU (Sample rTSR/Share-Settled) ((Ending Stock Price minus Beginning Stock Price ($XX.XX) plus dividends) divided by Beginning Stock Price ($XX.XX)) Only whole Units shall be earned in accordance with this Section 2. By way of example and not limitation, earning 66.67% of a Target Award of 100 Units would result in 66 Units being earned and payable.

Cumulative TSR means, for the Company and each of the other companies in the Performance Benchmark Group, the cumulative total shareholder return over the three-year Performance Period, as determined in accordance with the TSR Calculation.

Cumulative TSR shall be based on the 30-day average closing stock price of the Shares prior to July 1, 2016 ($19.74) (“Beginning Stock Price”) and the 30-day average closing stock price prior to July 1, 2019 (“Ending Stock Price”). Cumulative TSR shall be calculated as follows: ((Ending Stock Price minus Beginning Stock Price ($19.74) plus dividends) divided by Beginning Stock Price ($19.74)) Only whole Performance Shares shall be earned in accordance with this Section 2. By way of example and not limitation, earning 66.67% of a Target Award of 100 Performance Shares would result in delivery of 66 Performance Shares.