secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K/A
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001517375-24-000119
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social details CEO Barretto's $2.5M RSU grant and Howard's severance terms
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- CEO Barretto: $480k salary, target bonus 100% of salary, initial RSU grant $2.5M vesting 25% year 1 then quarterly.
- Executive Chair Howard: $350k salary, target bonus 50% of salary, severance 12 months base (18 months on CIC) plus health benefits.
- Barretto named Tier 1 covered executive under Severance Plan; Howard gets accelerated equity vesting on change-in-control termination.
- Amendment filed to disclose compensation terms for leadership transition originally reported April 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737524000119/0001517375-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737524000119/spt-20240409.htm
  HTML page:      https://secwatch.observer/filing/0001517375-24-000119

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