secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0000950170-24-028787
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce grants performance-based RSUs to six executives tied to EBITDA, revenue, and TSR
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- Brent Bellm (CEO) receives 63,493 target EBITDA RSUs, 63,493 revenue RSUs, and 63,494 TSR RSUs.
- Daniel Lentz receives 34,130 target units in each of the three performance categories.
- Russell Klein, Brian Dhatt, Chuck Cassidy, and Hubert Ban also receive proportionate target awards.
- Performance period runs Jan 1, 2024 to Dec 31, 2026; vesting ranges 0%–200% of target based on achievement.
- TSR RSUs include a cap at 100% if absolute TSR is negative; relative performance vs. Russell 2000 Index.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024028787/0000950170-24-028787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024028787/bigc-20240305.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028787

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