---
schema_version: "secwatch.filing_event.v1"
accession: "0001562151-22-000010"
form_type: "8-K"
ticker: "CWGL"
cik: "0001562151"
company_name: "Crimson Wine Group, Ltd"
filed_at: "2022-04-12T23:59:59+00:00"
generated_at: "2026-06-26T07:57:24.302694+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Crimson Wine grants CEO 500k performance-vested options, raises base salary to $375k

## Summary
- CEO Jennifer L. Locke granted options to purchase 500,000 shares at $7.50, expiring March 11, 2032.
- Options vest in four tranches (50k/100k/150k/200k) tied to Adjusted EBITDA targets for fiscal 2022-2025.
- Base salary increased to $375,000; target annual cash bonus set at 50% of base salary effective Jan 1, 2022.
- Options also have time-based vesting: 25% vests immediately upon performance goal satisfaction, remainder over 3 years.

## SEC filing metadata
- accession: 0001562151-22-000010
- form_type: 8-K
- ticker: CWGL
- cik: 0001562151
- company_name: Crimson Wine Group, Ltd
- filed_at: 2022-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562151/000156215122000010/0001562151-22-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562151/000156215122000010/cwgl-20220209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562151-22-000010
- JSON: https://secwatch.observer/filing/0001562151-22-000010.json
- Plain text: https://secwatch.observer/filing/0001562151-22-000010.txt

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