other material
confidence high
sentiment neutral
materiality 0.60
Innovative Solutions grants CFO 31,746 RSUs and change-in-control pact
INNOVATIVE SOLUTIONS & SUPPORT INC
- CFO Jeffrey DiGiovanni granted 31,746 restricted stock units, vesting quarterly at 8.33% starting Sept 30, 2024.
- New change-in-control agreement provides lump-sum payment of 2x (base salary plus max bonus) upon qualifying termination.
- All unvested equity awards fully vest upon a qualifying termination within 6 months before to 2 years after change in control.
- Company to provide health, dental, vision and disability coverage for 18 months following such termination.