---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009240"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2022-05-23T23:59:59+00:00"
generated_at: "2026-06-25T08:18:51.442628+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-009240
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2022-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000155837022009240/0001558370-22-009240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000155837022009240/prch-20220520x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009240
- JSON: https://secwatch.observer/filing/0001558370-22-009240.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009240.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.