secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001345016-22-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yelp sets 2022 exec base salaries at $500K, grants RSUs/PRSUs; CPO Patel departure in May
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- Base salaries for CEO Stoppelman, CFO Schwarzbach, COO Nachman unchanged at $500,000 each.
- Target bonus at 50% of salary for each; payout 0-200% based on corporate performance goals for 2022.
- RSU grants: Stoppelman 120,328, Schwarzbach 58,041, Nachman 60,164; vest quarterly over 4 years.
- PRSUs: financial performance awards based on 2022 revenue and adjusted EBITDA; TSR awards vs. Russell 2000 over 3 years.
- Former CPO Vivek Patel transition: advisory to March 25, part-time to May 20, 2022; 4,727 RSUs vest Feb/May; no severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000019/0001345016-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000019/yelp-20220210.htm
  HTML page:      https://secwatch.observer/filing/0001345016-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer