secwatch.observer — SEC 8-K summary
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Issuer:     Remitly Global, Inc. (RELY)
CIK:        0001782170
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0000950103-26-002320
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Remitly appoints Sebastian Gunningham as CEO, co-founder Oppenheimer becomes Chairman
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- Sebastian Gunningham appointed CEO effective Feb 19, 2026; co-founder Matt Oppenheimer becomes Chairman.
- Gunningham receives $350k base salary, 1.46M PSUs with stock price thresholds $20-$50 over 5 years, and 787.5k RSUs.
- Gunningham also receives $4M cash payment (50% upfront, 50% at 1 year) with one-year clawback.
- Chief Business Officer Pankaj Sharma awarded $2M long-term cash incentive (50% paid Feb 2026, 50% Feb 2027) with clawback.
- Press release states Q4 and FY2025 results exceeded high ends of revenue and Adjusted EBITDA guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782170/000095010326002320/0000950103-26-002320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782170/000095010326002320/dp241651_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-002320

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