NerdWallet director Loverro resigns; CEO Chen gets 104,479 target PSUs, COC policy amended

NERDWALLET, INC.

Director Thomas Loverro resigns effective March 31, 2023; no disagreement cited.
Comp committee awards CEO Tim Chen 104,479 target PSUs linked to EBITDA and revenue goals in FY2023.
PSUs vest over 3 years after performance certification; max payout 200% of target.
Amended COC policy removes prorated target bonus in non-COC terminations; adds full time-based equity acceleration on COC qualifying termination.
PSU and COC policy changes apply to named executive officer and other employees.

item 5.02 item 9.01

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Departed

Thomas Loverro

Director

NRDS · NERDWALLET, INC.

Effective: 2023-03-31
Filed: March 17, 2023, 7:59 PM ET

Mr. Thomas Loverro announced his resignation from the Board effective as of March 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Loverro resigned as Director at NERDWALLET, INC..

Action: resigned
Role: Director

Exact text from the filing

Mr. Thomas Loverro announced his resignation from the Board effective as of March 31, 2023.

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NERDWALLET, INC. filing history →

Source: SEC EDGAR

accession 0001625278-23-000034

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