secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K/A
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001104659-24-122346
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Solutions & Support corrects CEO PSU grant to 201,000 units with price targets
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- CEO Shahram Askarpour granted 201,000 performance stock units on Nov 20, 2024.
- Vesting triggers: ISSC common stock trades at $10, $12, $14 per share for 20 consecutive days within 4 years.
- Unvested units forfeited on termination; accelerated vesting upon change in control if consideration meets vesting price.
- Amendment corrects scrivener's error in prior 8-K re total grant amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465924122346/0001104659-24-122346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465924122346/tm2429435d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122346

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