secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K/A
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001454938-22-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Outbrain finalizes CFO Jason Kiviat's employment agreement: $330k salary, 50% target bonus, 100k RSUs
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- Annual base salary of $330,000; target annual cash bonus set at 50% of base salary (25% for 2022).
- Equity grant of 100,000 restricted stock units vesting in 16 equal quarterly installments starting Sep 5, 2022.
- Severance on termination without cause or for good reason: half of base salary, pro-rata bonus, 6 months COBRA subsidy.
- In a change-in-control termination: additional full vesting of equity awards and severance equal to half base salary plus target bonus.
- Non-competition covenant for 6 months; non-solicitation of employees and customers for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493822000016/0001454938-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493822000016/outbrain-20220601.htm
  HTML page:      https://secwatch.observer/filing/0001454938-22-000016

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