(2)
| Represents PSUs that will be earned based on the attainment of gross margin percentage measured at the end of fiscal 2024. The number of shares reflected in the table above is based on target achievement levels. |
(3)
| Represents PSUs that will be earned based on the attainment of stock price growth measured at the beginning of fiscal 2025. The number of shares reflected in the table above is based on target achievement levels. |
(4)
| Represents PSUs that will be earned based on the attainment of operating income measured at the end of fiscal 2025. The number of shares reflected in the table above is based on target achievement levels. |
(5)
| Represents PSUs that will be earned based on the attainment of stock price growth measured at the beginning of fiscal 2026. The number of shares reflected in the table above is based on target achievement levels. |
(6)
| Ms. Blackman’s outstanding RSAs vest as follows, subject to her continued employment through the applicable vesting date: |
448 shares vested on August 13, 2023 and 896 shares will vest semi-annually in two equal installments beginning on February 13, 2024; and
2,780 shares vested on August 12, 2023 and 22,240 shares will vest semi-annually in four equal installments beginning on February 12, 2024.
(7)
| Mr. Davis’Mathis’ outstanding shares of restricted stockRSAs vest as follows, subject to his continued employment through the applicable vesting date: |
23,135 shares vested on September 18, 2021;
39,207 restricted shares represent performance-based restricted stock granted to Mr. Davis in fiscal 2020. The shares were deemed earned in early fiscal 2021. 19,604 of the shares vested on August 10, 2021 and 19,603 shares will vest on August 10, 2022;
10,749 shares vested on August 15, 2021 and 21,496 shares will vest in two equal installments beginning on February 15, 2022;
43,604 restricted shares represent performance-based restricted stock granted to Mr. Davis in fiscal 2021. The shares were deemed earned in early fiscal 2022. 14,536 of the shares vested on August 12, 2021 and the remaining two-thirds will vest in annual installments over the following two years; and
3,278 shares vested on August 14, 2021, and 26,228 shares will vest semi-annually in four equal installments beginning on February 14, 2022.
(5)
| Represents performance-based restricted stock granted to Mr. Davis in fiscal 2020. The restricted shares vest based on attaining free cash flow performance goals for each of fiscal year 2020, 2021 and 2022 or based on attaining a cumulative three-year free cash flow goal for fiscal 2020-2022. The free cash flow performance goal for fiscal year 2021 was deemed earned in early fiscal 2022 and 119,431 shares vested on August 15, 2021. To the extent earned, 238,863 shares related to the cumulative three-year free cash flow goal will vest on August 15, 2022. |
(6)
| Mr. Medina’s outstanding shares of restricted stock vest as follows, subject to his continued employment through the applicable vesting date: |
6,956 shares vested on October 15, 2021, 20,868 shares will vest semi-annually in three equal installments beginning on April 15, 2022;
10,327 restricted shares represent performance-based restricted stock granted to Mr. Medina in fiscal 2021. The shares were deemed earned in early fiscal 2022. 3,444 of the shares vested on August 12, 2021 and the remaining two-thirds will vest in annual installments over the following two years; and
776 shares vested on August 12, 2021, and 6,212 shares will vest semi-annually in four equal installments beginning on February 12, 2022.
(7)
| Dr. McAlmont’s outstanding shares of restricted stock vest as follows, subject to his continued employment through the applicable vesting date: |
9,000 shares vested on August 15, 2021;
13,068 restricted shares represent performance-based restricted stock granted to Dr. McAlmont in fiscal 2020. The shares were deemed earned in early fiscal 2021. 6,534 of the shares vested on August 10, 2021 and 6,534 shares will vest on August 10, 2022;
3,583 shares vested on August 15, 2021 and 7,164 shares will vest semi-annually in two equal installments beginning on February 15, 2022;
14,756 restricted shares represent performance-based restricted stock granted to Mr. Chavous in fiscal 2021. The shares were deemed earned in early fiscal 2022. 4,920 of the shares vested on August 12, 2021 and the remaining two-thirds will vest in annual installments over the following two years; and
1,109 shares vested on August 12, 2021, and 8,876 shares will vest semi-annually in four equal installments beginning on February 12, 2022.
(8)
| Represents PSUs that will be earned based on the attainment of career learning revenue targets for each of fiscal 2021, 2022, and 2023: |
In early fiscal 2022, 77,690 shares were forfeited because the fiscal 2021 target was not attained;
For the fiscal 2022 award, to the extent earned, 81,387 shares will vest in August 2022 and 40,693 shares will vest in August 2023; and
For the fiscal 2023 award, to the extent earned, 166,480 shares will vest in August 2023.
(9)
| Mr. Chavous’ outstanding shares of restricted stock vest as follows, subject to his continued employment through the applicable vesting date: |
8,454 shares vested on August 31, 2021;