secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0000950170-22-012123
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus adopts VC plan with $206M Contribution Profit target; grants 95,238 RSUs each to CFO and CCO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017022012123/0000950170-22-012123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017022012123/pay-20220623.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-012123

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