other material
confidence high
sentiment neutral
materiality 0.25
Workiva adopts new RSU and PSU award forms for executive employees under 2014 EIP
WORKIVA INC
- Board approved forms of restricted stock unit (RSU) and performance RSU (PSU) agreements for executives.
- RSUs vest on termination for Good Reason or by the Company without Cause; unvested RSUs forfeited on termination for Cause.
- PSUs earned between 0% and 200% of target based on annual revenue growth rate goals over a three-year performance period.
- PSU vesting accelerates to target on termination for Good Reason or without Cause; to maximum on change in control with termination within 24 months.
- All awards subject to clawback for material misconduct or financial restatement.