secwatch.observer — SEC 8-K summary
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Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001193125-22-080042
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vistra CEO Curt Morgan to step down Aug 1; Jim Burke named successor
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- CEO Curt Morgan to transition from company effective Aug 1, 2022; will serve as special advisor through Apr 2023, paid $50k/month.
- President and CFO Jim Burke appointed CEO effective Aug 1; will also join the board of directors.
- Burke's new employment: base salary $1.2M, target bonus 125%, PSU grant $1.25M, RSU grant $0.75M.
- Vistra to name Burke's replacement as CFO prior to Aug 1.
- Transition is part of formal succession planning; no dispute with Morgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312522080042/0001193125-22-080042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312522080042/d338148d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-080042

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