secwatch.observer — SEC 8-K summary
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Issuer:     Aeva Technologies, Inc. (AEVA)
CIK:        0001789029
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-137358
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Aeva approves 2023 executive compensation with PSU grants tied to operational and stock price milestones
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- Cash bonuses for 2022: $495K each to Soroush Salehian and Mina Rezk; $263,250 to CFO Saurabh Sinha.
- 2023 salaries raised 4% to $572K for Salehian and Rezk, $468K for Sinha.
- Salehian receives 5,735,294 PSUs; Rezk 3,823,529; vesting based on production wins by 2024/2025 or stock price targets from $2 to $15 by 2027.
- Operational milestones: two production wins by 2024; start of production threshold by 2025 for equal installments.
- Stock price targets escalate annually: $2 (2023), $4 (2024), $6 (2025), $10 (2026), $15 (2027); unearned portions can vest later if subsequent targets met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789029/000119312523137358/0001193125-23-137358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789029/000119312523137358/d367767d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-137358

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