<SEC-DOCUMENT>0000894579-24-000152.txt : 20240320
<SEC-HEADER>0000894579-24-000152.hdr.sgml : 20240320
<ACCEPTANCE-DATETIME>20240320193218
ACCESSION NUMBER:		0000894579-24-000152
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240318
FILED AS OF DATE:		20240320
DATE AS OF CHANGE:		20240320

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Keirn Cris
		CENTRAL INDEX KEY:			0001984120
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35465
		FILM NUMBER:		24769056

	MAIL ADDRESS:	
		STREET 1:		C/O TURTLE BEACH CORP
		STREET 2:		44 SOUTH BROADWAY, 4TH FLOOR
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10601

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Turtle Beach Corp
		CENTRAL INDEX KEY:			0001493761
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				272767540
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		44 SOUTH BROADWAY
		STREET 2:		4TH FLOOR
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10601
		BUSINESS PHONE:		888-496-8001

	MAIL ADDRESS:	
		STREET 1:		44 SOUTH BROADWAY
		STREET 2:		4TH FLOOR
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Parametric Sound Corp
		DATE OF NAME CHANGE:	20100609
</SEC-HEADER>
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            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10601</rptOwnerZipCode>
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            <securityTitle>
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    <footnotes>
        <footnote id="F1">Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of deferred stock awarded to the reporting person.</footnote>
        <footnote id="F2">The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.</footnote>
        <footnote id="F3">Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.</footnote>
        <footnote id="F4">Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.</footnote>
        <footnote id="F5">Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date.</footnote>
        <footnote id="F6">The securities are restricted stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock, or cash with a value equal to the fair market value of the underlying common stock, or a combination thereof.</footnote>
        <footnote id="F7">These restricted stock units vest in equal annual installments until April 1, 2024.</footnote>
        <footnote id="F8">These restricted stock units vest in equal annual installments until April 1, 2025.</footnote>
        <footnote id="F9">These restricted stock units vest in equal annual installments until April 1, 2026.</footnote>
        <footnote id="F10">One-quarter of these restricted stock units will vest on April 1, 2024, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2027.</footnote>
        <footnote id="F11">These options were exercisable as of the transaction date.</footnote>
        <footnote id="F12">These options are scheduled to vest in equal monthly installments until April 1, 2024.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ John T. Hanson, attorney-in-fact for Cris Keirn</signatureName>
        <signatureDate>2024-03-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
