secwatch.observer — SEC 8-K summary
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Issuer:     NERDWALLET, INC. (NRDS)
CIK:        0001625278
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001625278-23-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000034/0001625278-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000034/nrds-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001625278-23-000034

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