other material
confidence high
sentiment positive
materiality 0.60
Grindr grants large RSU awards to CFO and COO, cuts market cap thresholds for performance RSUs
Grindr Inc.
- CFO Vandana Mehta-Krantz receives 340,667 RSUs; COO Austin Balance receives 333,417 RSUs.
- Krantz's market cap thresholds for performance RSUs lowered from $5B/$7.5B/$10B to $2.1B/$2.8B/$3.5B.
- Balance gets new performance RSU arrangement with $1.367M per threshold at $2.1B/$2.8B/$3.5B.
- Balance's annual base salary raised from $375K to $410K; bonus target confirmed at 55%.
- Special bonuses of $400K to Krantz and $300K to Balance for exceptional FY2023 performance.