secwatch.observer — SEC 8-K summary
======================================

Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0000950170-25-093902
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017025093902/0000950170-25-093902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017025093902/pdyn-20250702.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-093902

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