secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001517375-21-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social grants President Ryan Barretto 120k RSUs for $200M ARR; sets new $300M ARR milestone
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- Compensation Committee granted 120,000 RSUs to President Ryan Barretto effective Oct 4, 2021 for achieving $200M annual run rate target.
- New side letter provides for future grant of 120,000 RSUs when annual run rate reaches $300M, subject to Compensation Committee approval.
- The 2021 Milestone RSU Grant vests 25% on first anniversary and 1/16 quarterly thereafter over four years, contingent on continued employment.
- Mr. Barretto must be employed at the time the Committee certifies achievement of the $300M milestone to receive the grant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737521000051/0001517375-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737521000051/spt-20211004.htm
  HTML page:      https://secwatch.observer/filing/0001517375-21-000051

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