secwatch.observer — SEC 8-K summary
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Issuer:     Astrana Health, Inc. (ASTH)
CIK:        0001083446
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001104659-24-043762
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astrana Health amends CEO & COO/CFO employment pacts, grants $13M in equity
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- CEO Brandon Sim new base salary $850k, target bonus 125%; CFO Chandan Basho base $600k, target bonus 80%.
- Equity grants: CEO $11M, COO $2M; 33% time-based RSUs, 67% performance-based (adj. EBITDA & revenue, 2024-2026).
- Agreements have 3-year initial term through April 2027, with auto-renewal unless 60-day notice.
- Severance: 1-year salary (or 2-year post-change of control) plus COBRA coverage for up to 12 months (24 months post-CIC).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083446/000110465924043762/0001104659-24-043762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083446/000110465924043762/tm2410938d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043762

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