secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001104659-24-073485
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Solutions grants CFO 31,746 RSUs and change-in-control pact
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465924073485/0001104659-24-073485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465924073485/tm2417689d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-073485

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