Porch Group sets CEO target bonus at 100% of salary, grants $5M equity to CEO

Porch Group, Inc.

CEO Matthew Ehrlichman granted PRSUs valued at $3.75M and RSUs valued at $1.25M.
COO Matthew Neagle granted PRSUs and RSUs each valued at $1.25M.
2022 bonus target for CEO and COO is 100% of base salary; 85% based on revenue and Adjusted EBITDA (loss) as % of revenue, 15% discretionary.
PRSUs vest over three-year performance period subject to absolute share price and trailing twelve-month revenue conditions.
Bonus plan includes clawback provision and pro-rata calculation for new hires, death/disability, and involuntary termination without cause.

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