secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000895419-25-000143
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed amends CEO, CFO, COO employment agreements; grants equity awards with PSUs tied to FY2028 performance
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- CEO Feurle receives $5M sign-on RSU (3-yr vest), $2M annual RSU, $3M PSU; reference price 50% at $19.98 and 50% 45-day VWAP.
- CFO van Issum gets $3M sign-on RSU, $800K annual RSU, $1.2M PSU; same reference price and vesting schedules.
- COO Emerson granted $2M sign-on RSU, $800K annual RSU, $1.2M PSU; all awards under 2025 Management Incentive Plan.
- PSU metrics: 50% relative TSR vs Russell 3000, 25% revenue, 25% leveraged FCF; performance period ends FY2028.
- Equity awards vest over three years; PSU payout ranges 0-200% based on performance against set targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000143/0000895419-25-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000143/wolfspeed-20251212.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000143

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