secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHEQUITY, INC. (HQY)
CIK:        0001428336
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001428336-26-000016
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthEquity amends severance and equity vesting for six top officers
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- CEO Scott Cutler gets enhanced severance: 12 months base plus target bonus; 18 months base + 150% bonus if termination within 18 mo post-change-in-control.
- Five other executives (Lucania, Neeleman, Fiore, Rajasekar, Ladd) receive 12 months base plus target bonus only if termination within 18 mo post-change-in-control.
- RSUs granted after March 25, 2026: upon termination without cause or good reason before change-in-control, RSUs scheduled to vest in 12-month period accelerate.
- PSUs granted after March 25, 2026: prorated based on days employed during performance period; remain eligible to vest based on actual performance.
- Amendments signed May 5, 2026; equity vesting approved March 25, 2026 by Talent, Culture and Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428336/000142833626000016/0001428336-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428336/000142833626000016/hqy-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001428336-26-000016

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