---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-001738"
form_type: "8-K"
ticker: "CCOI"
cik: "0001158324"
company_name: "COGENT COMMUNICATIONS HOLDINGS, INC."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:36:58.114393+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cogent grants CEO David Schaeffer up to 160,000 restricted shares with performance vesting tied to NTI metrics

## Summary
- 72,000 time-vesting shares vest monthly from Jan 2026 to Dec 2026 in 6,000-share increments.
- Up to 88,000 performance-vesting shares vest April 2027 based on revenue growth (1.5x NTI), cash flow growth (2x NTI), and TSR vs NTI.
- Grant effective Jan 3, 2023; shares carry voting rights but dividends held until vesting.
- Accelerated vesting upon death, disability, retirement, or change in control per agreement terms.

## SEC filing metadata
- accession: 0001104659-23-001738
- form_type: 8-K
- ticker: CCOI
- cik: 0001158324
- company_name: COGENT COMMUNICATIONS HOLDINGS, INC.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158324/000110465923001738/0001104659-23-001738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158324/000110465923001738/tm232278d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-001738
- JSON: https://secwatch.observer/filing/0001104659-23-001738.json
- Plain text: https://secwatch.observer/filing/0001104659-23-001738.txt

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