secwatch.observer — SEC 8-K summary
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Issuer:     Onterris, Inc. (ONT)
CIK:        0001643615
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001193125-21-363595
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Montrose grants 2.22M SARs, 1.55M RSUs to NEOs; CEO RSUs tied to $90M EBITDA target
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- Grant of 2,220,000 SARs at exercise price $66.79; vest after 5 years based on stock price hurdles of $133.58, $166.98, $200.37.
- Grant of 1,553,942 RSUs; time-vested over 4-5 years; CEO's 316,209 RSUs require $90M adjusted EBITDA for performance vesting.
- Future RSU Pool of 135,517 units reserved for executives; grant decision Dec 16, 2025, vesting Dec 16, 2026.
- Named NEOs: Vijay Manthripragada (CEO), Allan Dicks, Nasym Afsari, Joshua LeMaire, Jose Revuelta.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643615/000119312521363595/0001193125-21-363595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643615/000119312521363595/d267442d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-363595

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