secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001538716-23-000189
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oportun grants performance-based RSUs to three NEOs with TSR targets at $7.56 (25%) and $12.10 (100%)
--------------------------------------------------------------------------------

- Compensation Committee approved PSUs for CEO Vazquez (target 176,361), CFO Coblentz (20,101), and Kirscht (49,339) on Dec 6, 2023.
- PSUs vest based on absolute TSR over Jan 2023–Dec 2025; threshold 25% at avg stock price $7.56, 100% at $12.10.
- Maximum payout is 125% of target if TSR ≥ 125%; upside units may be paid in cash at Company's discretion.
- Vesting also requires continued employment through March 10, 2026.
- New form of PSU award agreement adopted under the 2019 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871623000189/0001538716-23-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871623000189/oprt-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001538716-23-000189

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