secwatch.observer — SEC 8-K summary
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Issuer:     Encompass Health Corp (EHC)
CIK:        0000785161
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000785161-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Encompass Health amends LTIP with TSR modifier, adds retirement clause; grants $2.83M in restricted stock
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- LTIP awards now include relative TSR modifier: 75th percentile multiplies shares by 1.25 (capped at 200% of target), 25th percentile by 0.75.
- New 'good leaver' retirement clause allows full vesting upon retirement if conditions met (180-day notice, no violation, cooperation).
- One-time restricted stock grants: Douglas Coltharp $1.925M, Patrick Darby $908,000, cliff-vest at 3 years.
- One-time grants do not include the retirement clause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785161/000078516123000015/0000785161-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785161/000078516123000015/ehc-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000785161-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer