secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0000934549-23-000069
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Acacia grants RSUs and PSUs to CEO, CFO, and GC under long-term incentive plan
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- CEO Martin D. McNulty Jr. receives 87,428 RSUs and 495,424 target PSUs (up to 200% payout).
- CFO Kirsten Hoover and GC Jason Soncini each receive 54,191 RSUs and 54,191 target PSUs.
- PSU vesting based on three-year CAGR of adjusted book value per share (2023–2025).
- RSUs vest in three equal annual installments; accelerated vesting on change-in-control with double-trigger.
- Grants cover two annual cycles (FY2023 and FY2024) as part of long-term incentive program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000069/0000934549-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000069/actg-20230607.htm
  HTML page:      https://secwatch.observer/filing/0000934549-23-000069

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