secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000950170-24-029334
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017024029334/0000950170-24-029334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017024029334/pay-20240308.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-029334

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