secwatch.observer — SEC 8-K summary
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Issuer:     Orthofix Medical Inc. (OFIX)
CIK:        0000884624
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0000950170-23-012209
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orthofix Medical updates compensation for President Global Spine Kevin Kenny
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- Base salary raised to $495,000, retroactive to Jan 5, 2023 merger close.
- Target 2023 annual cash bonus set at 70% of base salary.
- Granted $125,000 in time-based RSUs and $125,000 in stock options, vesting over 3 years.
- Performance-based RSUs of $100,000 tied to 2023 Global Spine financial metrics.
- Amended Jan 2023 equity grants to 3-year vesting; potential $100,000 one-time cash bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884624/000095017023012209/0000950170-23-012209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884624/000095017023012209/ofix-20230404.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012209

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