---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-015933"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2022-06-01T23:59:59+00:00"
generated_at: "2026-06-25T05:38:17.754354+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Digital Turbine grants performance-based RSUs to CEO and CFO with revenue/EBITDA targets and TSR modifier

## Summary
- CEO Stone granted 70,330 target PSUs; CFO Garrison granted 26,257 target PSUs; vesting based 50% on 3-yr revenue, 50% on 3-yr adjusted EBITDA.
- PSU payout ranges from 50% to 200% of target based on goal achievement; TSR modifier may increase vested shares up to 120% vs S&P Software & Services Index.
- CFO Garrison's FY2023 annual incentive payout percentages raised to threshold 50%, target 100%, stretch 200% of base salary.
- Also granted time-vesting RSUs and stock options with exercise price at 110% of grant date closing price.
- Compensation committee may adjust future percentages and allocations despite existing employment agreements.

## SEC filing metadata
- accession: 0001628280-22-015933
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2022-06-01T23:59:59+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/317788/000162828022015933/0001628280-22-015933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828022015933/apps-20220527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-015933
- JSON: https://secwatch.observer/filing/0001628280-22-015933.json
- Plain text: https://secwatch.observer/filing/0001628280-22-015933.txt

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