secwatch.observer — SEC 8-K summary
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Issuer:     Nutanix, Inc. (NTNX)
CIK:        0001618732
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0000950170-24-003402
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nutanix grants CEO Rajiv Ramaswami performance-based RSUs with stock price and operational hurdles
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- Two tranches: 238,398 Stock Price PRSUs (target) and 327,083 Operational Metrics PRSUs (target).
- Stock price hurdles: $70 (100% payout), $80 (150%), $90 (200%) based on 90-day average closing price.
- Operational metrics based on annual recurring revenue and free cash flow targets; performance period through July 31, 2027.
- Vesting subject to continuous CEO service through September 15, 2027; up to 200% of target payout.
- Max payout capped at 100% if company TSR below 50th percentile of NASDAQ Composite during performance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618732/000095017024003402/0000950170-24-003402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618732/000095017024003402/ntnx-20240107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-003402

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