Absolute TSR. ATSR is determined by dividing (1) the sum of (a) the cumulative amount of the per share dividends of the Company for the applicable period assuming same-day reinvestment into the Company’s common stock on the ex-dividend date and (b) the VWAP of the Company’s shares for the last 30 consecutive trading days immediately preceding the end of the applicable period minus the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period, by (2) the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period. .
Appears in 2 contracts
Sources: Performance Stock Unit Award Incentive Agreement (Ranger Energy Services, Inc.), Performance Stock Unit Award Incentive Agreement (Ranger Energy Services, Inc.)