0001538716-24-000067.txt : 20240618
0001538716-24-000067.hdr.sgml : 20240618
20240618170125
ACCESSION NUMBER: 0001538716-24-000067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240614
FILED AS OF DATE: 20240618
DATE AS OF CHANGE: 20240618
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Vazquez Raul
CENTRAL INDEX KEY: 0001578544
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39050
FILM NUMBER: 241052787
MAIL ADDRESS:
STREET 1: 500 STAPLES DR.
CITY: FRAMINGHAM
STATE: MA
ZIP: 01702
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Oportun Financial Corp
CENTRAL INDEX KEY: 0001538716
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 453361983
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2 CIRCLE STAR WAY
CITY: SAN CARLOS
STATE: CA
ZIP: 94070
BUSINESS PHONE: (650) 810-8823
MAIL ADDRESS:
STREET 1: 2 CIRCLE STAR WAY
CITY: SAN CARLOS
STATE: CA
ZIP: 94070
FORMER COMPANY:
FORMER CONFORMED NAME: Progreso Financiero Holdings, Inc.
DATE OF NAME CHANGE: 20120104
4
1
wk-form4_1718744478.xml
FORM 4
X0508
4
2024-06-14
0
0001538716
Oportun Financial Corp
OPRT
0001578544
Vazquez Raul
OPORTUN FINANCIAL CORPORATION
2 CIRCLE STAR WAY
SAN CARLOS
CA
94070
1
1
0
0
Chief Executive Officer
0
Common Stock
2024-06-14
4
A
0
152672
A
1259715
D
Common Stock
233709
I
See footnote
Performance Stock Units
2024-06-14
4
A
0
152672
0
A
2027-03-10
Common Stock
152672
152672
D
The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2024, subject to the continued service of the Reporting Person on each vesting date.
Each RSU represents the right to receive, at settlement, one share of common stock.
These shares are held in a family trust for which the Reporting Person is the Trustee.
Each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
PSUs will vest based on the Company's achievement of absolute total shareholder return (Company TSR). The TSR period will be the three (3) year period covering calendar years 2024 through 2026. The target number of units subject to the award is presented in the table. The performance metric will be met, and the PSUs will vest, based on percentile achievement of 0% to 125% of the target number of units, depending on performance. Any PSUs achieved above 100% of target may be paid out to the Reporting Person in either cash or shares of common stock, at the sole discretion of the Company's Compensation and Leadership Committee. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that are achieved will be scheduled to vest on March 10, 2027.
/s/Kathleen Layton (Attorney-in-Fact)
2024-06-18