Yext grants CEO Michael Walrath 1.25M performance-based RSUs, adds severance package

Yext, Inc.

1,250,000 PSUs at target granted, vesting based on TSR vs S&P Software & Services Index over two periods through Mar 2025 and Mar 2026.
PSUs can vest from 0% (TSR below 40th percentile) to 200% (at 75th percentile); linear interpolation between thresholds.
CEO receives no cash compensation; no additional equity grants planned for fiscal 2025.
New severance: $250k over 6 months plus $500k prorated lump sum plus COBRA up to 6 months if terminated without cause (not change of control).

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