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confidence high
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materiality 0.35
Verra Mobility updates equity grant docs with double trigger CIC vesting; amends bonus plan eligibility
VERRA MOBILITY Corp
- Compensation Committee approved new RSU, stock option, and performance share unit forms with double trigger change-in-control vesting.
- Second Amended and Restated Short-Term Incentive Plan effective Jan 1, 2023, replaces the prior plan.
- Bonus Plan now requires employment as of October 1 of plan year for award eligibility; clarifies partial year and organizational changes.
- Updated grant documentation and Bonus Plan are filed as Exhibits 10.1 through 10.7.