secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001104659-24-122176
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Shahram Askarpour granted 201,000 PSUs with vesting at $10/$12/$14 stock price thresholds
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- Grant date Nov 20, 2024; PSUs vest in three equal tranches when ISSC trades ≥$10, $12, $14 for 20 consecutive days.
- If first tranche ($10) fails to vest by third anniversary, its threshold rises to $12 for remainder of 4-year performance period.
- Any unvested PSUs forfeited on termination of employment for any reason; no payment due.
- Upon Change in Control, unvested tranches vest if per-share consideration equals or exceeds the applicable vesting price.
- Each vested PSU settles into one share of ISSC common stock; PSUs carry no voting or dividend rights until settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465924122176/0001104659-24-122176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465924122176/tm2429367d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122176

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