secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2026-07-16T10:22:16+00:00
Accession:  0001628280-26-048373
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake grants CEO Sridhar Ramaswamy 1M PSUs with stock price milestones up to $531
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- CEO Sridhar Ramaswamy receives PSU award of 1,000,000 shares under 2020 Equity Incentive Plan.
- Award divided into five tranches with stock price targets from $324 to $531, requiring up to $100B value creation.
- Service-based vesting: September 15, 2029 for tranches 1-2, September 15, 2030 for tranches 3-5, subject to CEO service.
- Performance periods range from 2 to 7 years; unearned tranches forfeited if stock price targets not met.
- Shares subject to one-year delivery deferral after vesting; clawback provisions apply for misconduct or accounting restatement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000162828026048373/0001628280-26-048373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000162828026048373/snow-20260715.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-048373

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