{"schema_version":"secwatch.filing_event.v1","accession":"0000939767-25-000049","form_type":"8-K","ticker":"EXEL","cik":"0000939767","company_name":"EXELIXIS, INC.","filed_at":"2025-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.882376+00:00","generated_at":"2026-05-24T02:49:30.340450+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Exelixis approves special PSU awards for all employees with $60 stock price performance goal","bullets":["CEO Michael Morrissey receives 589,719 shares of PSU; other NEOs receive between 132,819 and 170,009 shares.","Performance condition requires VWAP of $60 or more for 90 consecutive days within 5-year period.","Full vesting requires employment through fifth anniversary; forfeiture if stock price goal not met.","Program designed to align all employee interests with shareholder value creation over five years."],"urls":{"canonical":"https://secwatch.observer/filing/0000939767-25-000049","json":"https://secwatch.observer/filing/0000939767-25-000049.json","markdown":"https://secwatch.observer/filing/0000939767-25-000049.md","text":"https://secwatch.observer/filing/0000939767-25-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/939767/000093976725000049/0000939767-25-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/939767/000093976725000049/exel-20250331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T02:49:30.340450+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}