other_material
confidence high
sentiment neutral
materiality 0.55
Holley grants 1M+ RSUs/PSUs to top officers; enhances Change in Control severance for CFO and GC
Holley Inc.
- CEO Matthew Stevenson granted 433,034 RSUs and 433,034 PSUs; CFO Weaver 247,448 RSUs; GC Kennedy 123,724 RSUs.
- RSUs vest in three equal annual installments; PSUs vest upon achieving $4.00 stock price for 20 consecutive trading days.
- Change in Control severance for CFO Weaver and GC Kennedy increased from 6 to 12 months of base salary continuation.
- Enhanced severance applies if termination occurs within 3 months before or 12 months after a Change in Control.
item 5.02item 9.01