---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-164488"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:38:57.920107+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Offerpad amends CEO and officers' LTIP awards; extends performance period, adjusts price targets

## Summary
- Performance period shifted to June 12, 2024 – June 12, 2027 (was 2023–2026); vesting delayed by one year.
- New price targets: $11.25, $18.75, $26.25, $33.75 per share for four tranches.
- CEO Brian Bair's sharing rate: 0.224% (first tranche) to 0.546% (fourth); officers Aronovitch and Grout each 0.031% per tranche.
- Vesting schedule: 50% on June 12, 2027; 50% on June 12, 2028 (previously 2026 and 2027).

## SEC filing metadata
- accession: 0001193125-24-164488
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312524164488/0001193125-24-164488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312524164488/d838860d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-164488
- JSON: https://secwatch.observer/filing/0001193125-24-164488.json
- Plain text: https://secwatch.observer/filing/0001193125-24-164488.txt

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