Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.19.1
Subsequent Events
12 Months Ended
Feb. 03, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Note 12 – Subsequent Events

 

The Company has evaluated events and transactions subsequent to February 3, 2019 through the date the consolidated financial statements were issued.

 

On March 22, 2019, all unvested restricted stock units for certain senior executives of the Company vested according to the accelerated vesting trigger in their restricted stock unit agreements. The triggering event was the market capitalization of Company, post IPO, exceeding $300 million for 60 consecutive trading days and the expiration of the lock-up period. A total of 279,325 restricted stock units vested resulting in approximately $3.5 million in additional RSU compensation expense.