secwatch.observer — SEC 8-K summary
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Issuer:     Repay Holdings Corp (RPAY)
CIK:        0001720592
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000950170-23-009495
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720592/000095017023009495/0000950170-23-009495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720592/000095017023009495/rpay-20230319.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009495

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