secwatch.observer — SEC 8-K summary
======================================

Issuer:     Unity Software Inc. (U)
CIK:        0001810806
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0001193125-22-081213
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unity appoints Michelle K. Lee to Board of Directors, amends director compensation policy
--------------------------------------------------------------------------------

- Michelle K. Lee appointed as Class I director, effective March 21, 2022; also joins Audit Committee.
- Amended director compensation: annual grant target cut to $235,000 (from $250,000); new $50,000 annual cash retainer.
- Directors can elect up to 100% of committee retainer as cash, and up to $50,000 of annual grant as cash.
- Lee received initial grant of 4,248 RSUs vesting quarterly over three years.
- Barry Schuler steps down from Audit Committee; remains Compensation Committee Chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810806/000119312522081213/0001193125-22-081213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810806/000119312522081213/d327069d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-081213

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