secwatch.observer — SEC 8-K summary
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Issuer:     FAIR ISAAC CORP (FICO)
CIK:        0000814547
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001193125-23-162583
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FICO grants CEO William Lansing ~$30M retention award of MSUs and options
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- ~$30M retention award to CEO William Lansing: 19,576 target MSUs and 52,082 non-qualified stock options.
- MSUs vest based on FICO's TSR vs Russell 3000 over 3-, 4-, and 5-year periods; payout 0-200% of target.
- Options vest 3/5 on 3rd anniversary, 1/5 on 4th, 1/5 on 5th; exercise price $791.60 (closing price on grant date).
- Shares from award must be retained until June 5, 2028; retirement does not accelerate vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814547/000119312523162583/0001193125-23-162583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814547/000119312523162583/d499544d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-162583

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