Ending Share Price definition
Examples of Ending Share Price in a sentence
For purposes of the calculation above, the Ending Share Price for TSR Year 1 shall be the closing stock price as of the last trading day of TSR Year 1, the Ending Share Price for TSR Year 2 shall be the closing stock price as of the last trading day of TSR Year 2, and the Ending Share Price for TSR Year 3 shall be based on a 40-day trailing average closing stock price as of the last trading day of TSR Year 3.
For purposes of the calculation above, the Beginning Share Price for TSR Year 1 shall be the closing stock price on the Grant Date, the Beginning Share Price for TSR Year 2 shall be the Ending Share Price for TSR Year 1, and the Beginning Share Price for TSR Year 3 shall be the Ending Share Price for TSR Year 2.
Return means Common Stock price growth for each entity over the Performance Period, as measured by dividing the sum of the cumulative amount of dividends for the Performance Period, assuming dividend reinvestment, and the difference between the entity’s Ending Share Price and the Starting Share Price; by the entity’s Starting Share Price.
Ending Share Price $22.57 $45.13 $67.70 Percent of Target Number of Shares Eligible to Vesting 0% 100% 300% Notwithstanding the foregoing, if the Relative TSR (defined below) for the Performance Period is below the fifty-fifth (55th) percentile, the number of Earned RSUs may not exceed the Target Number of Shares.
Ending Share Price will be calculated by averaging the high and low share price of the Company’s Common Stock on the NYSE on December 31, 2019.