---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-298617"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:41:32.735835+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Offerpad Solutions increases base salaries for three executives; retention bonuses for two

## Summary
- CLO Ben Aronovitch base salary raised to $475k from $375k, effective Jan 1, 2024.
- SVP Finance James Grout and SVP Controller Hiten Patel base salaries increased to $325k each.
- Each of Grout and Patel receives $100k retention bonus payable after Mar 15, 2025 or 2024 10-K filing.
- Retention bonus accelerates if employment terminated without cause near a change in control.

## SEC filing metadata
- accession: 0001193125-23-298617
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312523298617/0001193125-23-298617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312523298617/d662488d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-298617
- JSON: https://secwatch.observer/filing/0001193125-23-298617.json
- Plain text: https://secwatch.observer/filing/0001193125-23-298617.txt

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