---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-029334"
form_type: "8-K"
ticker: "PAY"
cik: "0001841156"
company_name: "Paymentus Holdings, Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:01:59.806298+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Paymentus adopts 2024 incentive program, awards 2023 bonuses at 112.2% of target

## Summary
- 2024 base salaries increased 3%: CEO $360,500, CFO $515,000, COO $432,600, GC $351,488.
- 2024 target bonuses: CEO 192.9%, CFO 100%, COO 62.5%, GC 61.5% of base salary.
- 2024 incentives based equally on Revenue, CP, Adj EBITDA, Adj EBITDA-LCS, and individual performance; minimum thresholds range from 80% to 90% of targets.
- 2023 payout at 112.2% of target: CFO $467,500, COO $294,563, GC $235,651; discretionary bonus to CEO $757,350.
- CEO Dushyant Sharma did not participate in 2023 Program; discretionary bonus awarded based on strong financial performance.

## SEC filing metadata
- accession: 0000950170-24-029334
- form_type: 8-K
- ticker: PAY
- cik: 0001841156
- company_name: Paymentus Holdings, Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841156/000095017024029334/0000950170-24-029334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841156/000095017024029334/pay-20240308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-029334
- JSON: https://secwatch.observer/filing/0000950170-24-029334.json
- Plain text: https://secwatch.observer/filing/0000950170-24-029334.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.