secwatch.observer — SEC 8-K summary
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Issuer:     Porch Group, Inc. (PRCH)
CIK:        0001784535
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001558370-23-005649
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Porch Group sets 2023 executive comp: CEO $5.5M equity, bonus at 100% of salary
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- CEO Ehrlichman: target bonus 100% of base salary; equity grant $5.5M (1.75M PRSUs + 0.58M RSUs).
- CFO Tabak: target bonus 50% of base; equity grant $390k (124k PRSUs + 41k RSUs).
- COO Neagle: target bonus 100% of base; equity grant $2.6M (827k PRSUs + 276k RSUs).
- 2023 bonus plan based on revenue and Adjusted EBITDA; threshold 50%, max 200% of target.
- PRSUs vested on 3-year goals: share price (50% weight), Adj. EBITDA (25%), revenue (25%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784535/000155837023005649/0001558370-23-005649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784535/000155837023005649/prch-20230407x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005649

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