---
schema_version: "secwatch.filing_event.v1"
accession: "0001092699-26-000028"
form_type: "8-K"
ticker: "SPSC"
cik: "0001092699"
company_name: "SPS COMMERCE INC"
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:17:34.706550+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SPS Commerce amends PSU awards to double-trigger vesting upon change in control

## Summary
- Committee amended 2024 PSUs from single-trigger to double-trigger vesting on change in control, aligning with 2025/2026 awards.
- Double-trigger: accelerated vesting only if employment terminated without cause or resignation for good reason within 1 year post-change in control, or if awards not assumed.
- Retired executives holding PSUs will receive greater of target or actual-performance-based vesting upon change in control.
- New PSU Agreement form effective April 10, 2026 will govern all outstanding and future PSU grants.

## SEC filing metadata
- accession: 0001092699-26-000028
- form_type: 8-K
- ticker: SPSC
- cik: 0001092699
- company_name: SPS COMMERCE INC
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092699/000109269926000028/0001092699-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092699/000109269926000028/spsc-20260410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001092699-26-000028
- JSON: https://secwatch.observer/filing/0001092699-26-000028.json
- Plain text: https://secwatch.observer/filing/0001092699-26-000028.txt

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