secwatch.observer — SEC 8-K summary
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Issuer:     QUALYS, INC. (QLYS)
CIK:        0001107843
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001193125-21-315371
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Qualys boosts CFO salary to $410K, CLO to $360K; grants 39k RSUs to CEO; adds severance for execs
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- CFO Joo Mi Kim salary raised to $410K (from $340K); CLO Bruce Posey to $360K (from $330K).
- CEO Sumedh Thakar awarded 39,288 RSUs + 39,288 PRSUs (target); CFO Kim: 33,100 RSUs + 14,186 PRSUs.
- PRSUs vest over 3 years based on revenue growth & EBITDA margin; cumulative overperformance vests at year 3.
- New severance: 3-9 months base salary for involuntary termination; upon change of control, 12 months salary & full equity vest.
- Equity grants under 2012 Equity Incentive Plan; change-of-control triggers full acceleration for unvested RSU/PRSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1107843/000119312521315371/0001193125-21-315371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1107843/000119312521315371/d246901d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-315371

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