other_material
confidence high
sentiment neutral
materiality 0.40
Affirm grants 333,667 PSUs to CEO Max Levchin with three-year performance period
Affirm Holdings, Inc.
- Grant of 333,667 PSUs to founder/CEO Max Levchin under Amended 2012 Stock Plan.
- Performance measures: growth in revenue less transaction costs (50%) and adjusted operating income (50%).
- Three-year performance period starting July 1, 2025; shares earned based on average annual growth vs targets.
- Earned PSUs range from 50% (threshold) to 200% (maximum) of grant; vest at end of period subject to continued service.
- Follows expiration of prior value creation award granted Jan 2021 with five-year period ending Jan 11, 2026.
item 5.02