---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-009185"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:20:16.353680+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Spirit Aviation promotes Thomas Canfield to EVP & GC; grants equity and cash awards to NEOs

## Summary
- Thomas Canfield promoted to EVP & General Counsel; salary raised to $610,000, bonus target to 100%, LTI target to $1,500,000.
- Committee approved RSUs, PSUs, and Performance Cash Awards to NEOs (Cromer, Bendoraitis, Canfield) each with $375k RSUs, $375k PSUs, $3.75M cash.
- RSUs vest over 3 years; PSUs vest April 2028 based on equity valuation growth.
- Performance Cash Awards vest over two annual periods with catch-up provision.
- Also adopted 2025 Executive Severance Plan for NEOs, substantially similar to 2017 plan.

## SEC filing metadata
- accession: 0000950103-25-009185
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000095010325009185/0000950103-25-009185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000095010325009185/dp231938_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-009185
- JSON: https://secwatch.observer/filing/0000950103-25-009185.json
- Plain text: https://secwatch.observer/filing/0000950103-25-009185.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.