secwatch.observer — SEC 8-K summary
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Issuer:     Seaport Entertainment Group Inc. (SEG)
CIK:        0002009684
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001558370-25-003627
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seaport grants performance RSUs to execs Partridge (20,482) and Fato (4,824) with 3-year TSR/EBITDA targets
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- 50% of RSUs vest based on 3-year TSR vs Russell 2000; 50% based on 2027 asset-level EBITDA.
- EBITDA portion may be multiplied by 150% if 2027 Non-GAAP adjusted net income positive.
- Performance period Jan 1, 2025 – Dec 31, 2027; vesting date March 7, 2028.
- Maximum payout is 200% of target; forfeiture if performance not met or termination for cause.
- Accelerated vesting on death or disability at 100% or higher actual performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2009684/000155837025003627/0001558370-25-003627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2009684/000155837025003627/seg-20250319x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-003627

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