secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001493152-21-021479
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra grants performance-based RSUs to CEO and COO; salaries increased after first comprehensive review since 2012
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- CEO Robert Ferris granted 224,133 performance-based RSUs tied to net profit targets ($2.5M-$7M in FY2022).
- COO Matthew Burlend granted 168,090 performance-based RSUs with similar performance targets.
- Base salaries raised to $349,860 (CEO) and $251,140 (COO) effective August 15, 2021.
- Also granted 14,057 restricted shares to CEO and 10,543 to COO based on trailing 12-month performance.
- This is the first comprehensive compensation review for CEO and COO since 2012.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021479/0001493152-21-021479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021479/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021479

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