secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001104659-23-001738
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923001738/0001104659-23-001738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923001738/tm232278d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-001738

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