---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000033"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:20:00.743380+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings grants 71k TSR & 71k EBITDA PSUs to CEO; other execs also awarded

## Summary
- CEO Matthew Flake receives 71,058 TSR PSUs and 71,059 EBITDA PSUs under new 2023 PSU form.
- TSR PSUs vest based on Q2 TSR vs S&P Software & Service Index over 3 years (0-200% payout).
- EBITDA PSUs vest based on Adj. EBITDA as % of non-GAAP Revenue for FY 2024 (0-200% payout).
- Other execs: COO Breeden (26,696 ea), CRO Volanoski (25,518 ea), CFO Mehok (23,555 ea), EVP Price (23,555 ea).
- Compensation Committee approved grants on March 2, 2023; performance periods ending 2024 and 2026.

## SEC filing metadata
- accession: 0001410384-23-000033
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000033/0001410384-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000033/qtwo-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000033
- JSON: https://secwatch.observer/filing/0001410384-23-000033.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000033.txt

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