secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0000950170-25-035506
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels grants PSU awards to CEO and NEOs tied to relative TSR vs Russell 2000 for 2025-2027
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- CEO Donald Young receives 108,418 target PSUs; other NEOs get 49,426 to 79,719 target PSUs each.
- PSUs represent 50% of each NEO's 2025 long-term incentive; rest in RSUs (25%) and options (25%).
- Payout based on Aspen's TSR percentile vs Russell 2000 over 3 years (0%-200% of target).
- Vesting on 3rd anniversary of grant, subject to continued service; accelerated on death/disability or Change in Control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000095017025035506/0000950170-25-035506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000095017025035506/aspn-20250304.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-035506

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