secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0000950170-23-042829
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verra Mobility grants special PSUs to executives tied to 10-17.5% annual TSR through 2028
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- CEO David Roberts receives 450,000 PSUs; CFO Craig Conti receives 225,000 PSUs.
- Other NEOs: Steve Lalla (185,000), Jonathan Baldwin (170,000), Adam Blake (130,000).
- PSUs vest in equal tranches on Aug 15, 2026, 2027, 2028 based on Annualized TSR Growth compound annual rate.
- Vesting: 0% for TSR ≤10%; linear interpolation between 10% and 17.5%; 100% vested at ≥17.5%.
- Forfeiture upon termination generally; pro-rata treatment for involuntary termination after 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023042829/0000950170-23-042829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023042829/vrrm-20230812.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042829

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