secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001563190-23-000248
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Compass restructures CEO Robert Reffkin's pay; forfeits $25M in equity for $7M cash and new RSUs
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- Reffkin forfeits 17.2M performance-based RSUs (~$25M value); receives $7M cash award under Executive Bonus Plan.
- Base salary adjusted to $900,000/year effective Jan 1, 2024; target bonus reset for 2024.
- New RSU grant valued at $2.25M annual vesting over 4 years (~$9M total), plus commitment for equal grant in 2025.
- Company reimburses up to $25,000 of Reffkin's legal fees related to compensation changes.
- Cash award repayment obligation lapses over 2 years if Reffkin stays or is not terminated for cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000248/0001563190-23-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000248/comp-20231222.htm
  HTML page:      https://secwatch.observer/filing/0001563190-23-000248

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