Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective
Each RSU that was granted to Company officers on the Grant Date represents the right to receive one share of the Company's Class A common stock following the applicable vesting date. RSUs consist of 50% time vesting RSUs and 50% performance vesting RSUs. One third of the time vesting RSUs were vested as of the Grant Date and the remaining time vesting RSUs vest in three equal annual installments. The performance vesting RSUs vest in three equal annual installments, in each case subject to attaining performance conditions for each year to be established by the Company's board of directors.
RSUs were granted to Company officers in the following amounts:
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1Lonestar Resources US Inc. 2021 Management Incentive Plan.
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