secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001092699-22-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.00
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce files revised equity award forms under 2010 Plan
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- Updated Non-Statutory Stock Option, RSU, and Performance Stock Unit forms filed as Exhibits 10.1–10.3.
- Retirement vesting accelerated at age 58 with 10 years service or age 65; requires 6-month notice and release.
- Double-trigger acceleration: full vesting if award is assumed in a Corporate Transaction and service terminated within 1 year.
- Option agreement permits cash, broker-assisted cashless, share withholding, or share tender payment; RSU/PSU settlement within prescribed periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269922000019/0001092699-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269922000019/spsc-20221125.htm
  HTML page:      https://secwatch.observer/filing/0001092699-22-000019

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