---
schema_version: "secwatch.filing_event.v1"
accession: "0001625278-23-000034"
form_type: "8-K"
ticker: "NRDS"
cik: "0001625278"
company_name: "NERDWALLET, INC."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:36:17.908410+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001625278-23-000034
- form_type: 8-K
- ticker: NRDS
- cik: 0001625278
- company_name: NERDWALLET, INC.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000034/0001625278-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000034/nrds-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-23-000034
- JSON: https://secwatch.observer/filing/0001625278-23-000034.json
- Plain text: https://secwatch.observer/filing/0001625278-23-000034.txt

## Key facts
- Executive change
  Thomas Loverro resigned as Director at NERDWALLET, INC..
  - Action: resigned
  - Role: Director
  source text: Mr. Thomas Loverro announced his resignation from the Board effective as of March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000034/0001625278-23-000034-index.htm

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