secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001140361-23-056355
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Grindr grants large RSU awards to CFO and COO, cuts market cap thresholds for performance RSUs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123056355/0001140361-23-056355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123056355/ef20016065_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-056355

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