secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001410384-23-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000033/0001410384-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000033/qtwo-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000033

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