---
schema_version: "secwatch.filing_event.v1"
accession: "0001614178-24-000003"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:16:08.457915+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001614178-24-000003
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000003/0001614178-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000003/yext-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-24-000003
- JSON: https://secwatch.observer/filing/0001614178-24-000003.json
- Plain text: https://secwatch.observer/filing/0001614178-24-000003.txt

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