secwatch.observer — SEC 8-K summary
======================================

Issuer:     Genpact LTD (G)
CIK:        0001398659
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001564590-21-037599
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genpact appoints Michael Weiner as CFO effective Aug 10, 2021; Fitzpatrick steps down
--------------------------------------------------------------------------------

- Michael Weiner, age 49, appointed CFO; previously CFO of National General Holdings Corp. (acquired by Allstate Jan 2021).
- Edward Fitzpatrick steps down as CFO, becomes SVP and Senior Client Advisor reporting to CEO.
- Employment agreement: $600k base salary, target bonus 100% of base, initial equity awards valued at $4M (options), $2M (RSUs), and $1M (performance shares).
- Equity vesting: options vest 50% at 3 years, 50% at 5 years; RSUs vest 50% at 1 year, 50% at 2 years; performance shares subject to metrics.
- Severance upon qualifying termination: 12 months salary, prorated target bonus, health cost for 18 months, plus equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398659/000156459021037599/0001564590-21-037599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398659/000156459021037599/g-8k_20210716.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-037599

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