secwatch.observer — SEC 8-K summary
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Issuer:     Better Home & Finance Holding Co (BETR)
CIK:        0001835856
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001628280-24-022650
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Better Home appoints Chad Smith as President & COO of Better Mortgage
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- Chad Smith, former CEO of Mission Loans, appointed President & COO of Better Mortgage effective May 6, 2024.
- Kevin Ryan remains CFO; he had previously served as President & CFO.
- Smith receives $1M base salary, 100% target bonus (min $500K first year), 4M RSUs and 4M performance-based RSUs.
- RSUs vest: 25% at 12 months, remainder quarterly over 3 years; performance RSUs also subject to market conditions.
- Severance: 6 months salary plus prorated minimum bonus if terminated before 12 months; 3 months salary after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835856/000162828024022650/0001628280-24-022650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835856/000162828024022650/betr-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022650

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