other material
confidence high
sentiment neutral
materiality 0.25
Oportun amends executive severance and change-in-control policy effective Aug 19, 2026
Oportun Financial Corp
- Covers CEO Doug Bland, Kathleen Layton (CLO), Joseph Schueller (Controller), Sean Rowles (CRO).
- Non-CIC termination: CEO 18 months salary+COBRA+12-mo equity vesting; Tier I 12 months; Tier II 9 months.
- CIC termination: CEO/Tier I 18 months salary, 1.5x target bonus, full vest; Tier II 12 months, 1x bonus.
- Benefits conditioned on release of claims, resignation from officer/director posts, and covenant compliance.
- Policy supersedes prior version effective Nov 29, 2018; filed as Exhibit 10.1.