other material
confidence high
sentiment neutral
materiality 0.35
Paymentus adopts VC plan with $206M Contribution Profit target; grants 95,238 RSUs each to CFO and CCO
Paymentus Holdings, Inc.
- Board approved VC Plan with Contribution Profit (50%), Adjusted EBITDA Margin (30%), individual performance (20%) components.
- Target payout for CEO Dushyant Sharma $675K; CFO Matt Parson $240K; CCO Jerry Portocalis $250K.
- Payout thresholds: Contribution Profit $206M target (100%), Adj. EBITDA Margin 15% target (100%).
- Granted 95,238 time-based RSUs each to CFO Parson and CCO Portocalis; vesting 1/4 at 1 year, then quarterly.
- RSU awards under 2021 Equity Incentive Plan; CEO Sharma did not receive an RSU grant.