---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-009495"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:49:03.223115+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-009495
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000095017023009495/0000950170-23-009495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017023009495/rpay-20230319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-009495
- JSON: https://secwatch.observer/filing/0000950170-23-009495.json
- Plain text: https://secwatch.observer/filing/0000950170-23-009495.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.