Repay Holdings sets 2023 executive bonuses and equity grants; Moore target raised

Repay Holdings Corp

2023 AIP: 75% based on Adjusted EBITDA (or Gross Profit+EBITDA for unit heads), 25% on individual goals, with 0%-200% payout range.
Jake Moore's cash bonus target increased from 50% to 75% of base salary; other execs range from 50% to 100%.
Annual equity grants: 50% time-based RSAs (4-year cliff vest) and 50% PSUs tied to TSR vs Russell 2000 over 3 years.
One-time performance stock options (PSOs) granted to certain execs vest at share price thresholds of $10, $14.50, $19.54.
PSU performance period ends Dec 31, 2025; RSAs vest annually starting March 19, 2024.

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