secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K/A
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0000950103-25-005328
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spirit Aviation grants inducement awards of 554k shares each to Board Chair Milton and Vice-Chair Siegel
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- Inducement award granted to each of Robert A. Milton and David N. Siegel on April 25, 2025, for up to 554,436 shares each.
- 40% in service-based RSUs and 60% in performance-based PSUs; vest on three-year anniversary or change in control.
- Non-Employee Director Compensation Policy adopted: annual cash retainer of $100,000 plus equity award of $140,000.
- Additional cash retainers: Board Chair $100k, Vice Chair $75k, Audit Chair $25k, etc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325005328/0000950103-25-005328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325005328/dp228114_8ka.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-005328

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