secwatch.observer — SEC 8-K summary
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Issuer:     Waystar Holding Corp. (WAY)
CIK:        0001990354
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001104659-25-047008
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waystar grants CEO Matt Hawkins 396,197 PSUs; plans board expansion to 12 directors
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- CEO Hawkins receives 396,197 PSUs with TSR-based vesting over 4 years (2025–2029), up to 200% of target.
- Peer group is S&P SmallCap 600 Info Tech index; no vesting if relative TSR below 30th percentile.
- Company to amend charter to remove board size cap; board to expand from 10 to 12 directors.
- Aashima Gupta (Google Cloud Healthcare Director) and Michael Roman (former 3M CEO) to join as independent directors.
- Gupta to serve on Audit & Risk; Roman on Audit & Risk and Nominating Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1990354/000110465925047008/0001104659-25-047008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1990354/000110465925047008/tm2514730d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-047008

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