Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 360

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 360
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The following table summarizes PSU activity during the years ended December 31, 2024, 2023, and 2022. 

        Shares

        Weighted-average measurement-date fair value per share

        (Shares in thousands)

        Unvested employee PSUs, December 31, 2021(1)

        73

        $
        128.30

        Granted

        27

        130.30

        Forfeited

        -

        -

        Performance Adjustment

        2

        122.62

        Vested

        (28
        )

        122.62

        Unvested employee PSUs, December 31, 2022(1)

        74

        130.97

        Granted

        17

        185.24

        Forfeited

        -

        -

        Performance Adjustment

        (5
        )

        121.42

        Vested

        (21
        )

        121.42

        Unvested employee PSUs, December 31, 2023(1)

        65

        148.94

        Granted

        15

        244.89

        Forfeited

        -

        -

        Performance Adjustment

        (6
        )

        143.04

        Vested

        (15
        )

        143.04

        Unvested employee PSUs, December 31, 2024(1)

        59

        175.70

       (1)The 2022 PSU awards outstanding are based on the actual performance for the 2022 to 2024 performance period. As a result of the performance achieved during the performance period, recipients will receive an aggregate of 28,884 shares of common stock on the vesting date of March 1, 2025, reflecting a payout rate of 109.1%. The 2023 PSU awards outstanding are based on target. Depending upon the performance achieved during the performance period, recipients may receive between 0 and 25,709 shares of common stock. The 2024 PSU awards outstanding are based on target. Depending upon the performance achieved during the performance period, recipients may receive between 0 and 22,508 shares of common stock.As of December 31, 2024 the Company has $355,728 unrecognized compensation related to PSU awards.Stock Options. From 2013 to 2016