Sunrun grants aggressive performance-based PSUs to NEOs with $45-$100 stock price and $2-$6.50 cash generation targets

Sunrun Inc.

One-time PSUs granted to CEO Mary Powell (472,508 target), two other NEOs (214,776 each), and CLO Jeanna Steele (128,865).
Vesting requires both Cash Generation per Diluted Share (threshold $2.00, target $3.50, max $6.50) and Stock Price Attainment (threshold $45, target $60, max $100) over 2024-2026.
Payout capped at 300% of target; time-based vesting extends to 2027/2028.
Award follows 68.2% Say-on-Pay support; for 2024, annual equity grants will be ~55% performance-based.
Stock price targets represent 222%-616% increase from grant date price (~$14).

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