---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-093902"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:29:56.709191+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI grants 1.5M shares to CEO Wolff, reducing prior cash payment to zero

## Summary
- Compensation committee approved restricted stock award of 1.5M shares to CEO Benjamin G. Wolff on July 2, 2025.
- The award reduces the previously disclosed Cash Payment (based on 1.8M shares VWAP) to zero.
- Award terms were disclosed in April 2025 proxy; stockholder-approved at June 2025 annual meeting.
- Award vests on earliest of continued service through Oct 31, 2027 or a change in control.

## SEC filing metadata
- accession: 0000950170-25-093902
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017025093902/0000950170-25-093902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017025093902/pdyn-20250702.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-093902
- JSON: https://secwatch.observer/filing/0000950170-25-093902.json
- Plain text: https://secwatch.observer/filing/0000950170-25-093902.txt

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