---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-224479"
form_type: "8-K"
ticker: "RUN"
cik: "0001469367"
company_name: "Sunrun Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:55:00.152297+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-23-224479
- form_type: 8-K
- ticker: RUN
- cik: 0001469367
- company_name: Sunrun Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1469367/000119312523224479/0001193125-23-224479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1469367/000119312523224479/d547541d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-224479
- JSON: https://secwatch.observer/filing/0001193125-23-224479.json
- Plain text: https://secwatch.observer/filing/0001193125-23-224479.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.