secwatch.observer — SEC 8-K summary
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Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001193125-23-143537
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sun Country Airlines CEO Bricker ($650K base, $500K bonus) and CFO Davis ($500K base, $300K bonus) sign new contracts
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- CEO Bricker: 4-yr term, $650K base, 125% target bonus, $500K cash award, $1.5M RSU grant vesting June 2023 and quarterly.
- President/CFO Davis: 2-yr term, $500K base, 100% target bonus, $300K cash award, $370K RSU grant vesting June 2023 and quarterly.
- Severance: Bricker 1.5x (base+bonus) over 12 months; Davis 1x (base+bonus) over 12 months, on qualifying termination.
- New LTI program for 2024: $2M for Bricker, $850K for Davis; 40% time-based, 60% performance-based, phasing in.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000119312523143537/0001193125-23-143537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000119312523143537/d485508d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-143537

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