secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001104659-23-097754
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge CEO Blair granted 1.1M Class B units of majority shareholder TCO, plus RSUs
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- CEO Patrick Blair received 1,100,000 Class B units of TCO Group Holdings (company's largest shareholder) on Aug 30, 2023.
- 50% of units time-vest annually over 4 years; 50% performance-vest upon change of control if Apax achieves ≥2.0x MOIC.
- Board also granted 105,264 restricted stock units, vesting in three equal annual installments from June 2024.
- Award structured as profits interest; grant from shareholder, not company, with no dilution to InnovAge common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000110465923097754/0001104659-23-097754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000110465923097754/tm2325323d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097754

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