Offerpad appoints Peter Knag as CFO effective June 5, 2024; terms include $500K base salary and equity awards

Offerpad Solutions Inc.

Peter Knag appointed CFO effective June 5, 2024, succeeding James Grout who remains SVP Finance.
Base salary of $500,000; annual target bonus at 75% of base salary.
RSU award of 145,000 shares vesting over 2-3 years; LTIP award tied to stock price goals ($11.25-$33.75) with 0.206% sharing rate.
Relocation to Phoenix required by Oct 1, 2024; one-time $100,000 relocation payment.
Employment term one year with auto-renew; severance includes 12-month base salary on qualifying termination.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

James Grout

Senior Vice President, Finance

OPAD · Offerpad Solutions Inc.

Effective: 2024-06-05
Successor: Peter Knag
Filed: May 23, 2024, 7:59 PM ET

succeeding James Grout in such roles, effective on the Effective Date. Mr. Grout will otherwise continue to serve as Senior Vice President, Finance.

Appointed

Peter Knag

Chief Financial Officer

OPAD · Offerpad Solutions Inc.

Effective: 2024-06-05
Filed: May 23, 2024, 7:59 PM ET

appointed Peter Knag as the Company’s Chief Financial Officer, effective June 5, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James Grout changed role as Senior Vice President, Finance at Offerpad Solutions Inc..

Action: succeeded as CFO and continues as Senior Vice President, Finance
Role: Senior Vice President, Finance

Exact text from the filing

succeeding James Grout in such roles, effective on the Effective Date. Mr. Grout will otherwise continue to serve as Senior Vice President, Finance.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Knag was appointed as Chief Financial Officer at Offerpad Solutions Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

appointed Peter Knag as the Company’s Chief Financial Officer, effective June 5, 2024

View on SEC.gov

Offerpad Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-145405

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.