secwatch.observer — SEC 8-K summary
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Issuer:     Triton International Ltd (TRTN-PA)
CIK:        0001660734
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001660734-24-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Triton International adopts Long-Term Cash Incentive Plan for executives, tying payouts to company stock value
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- Plan adopted Feb 28, 2024; awards vest in equal installments on Jan 15, 2026 and Jan 15, 2027.
- Payout based on Triton Valuation (per-share fair market value) plus cumulative dividends over 3-year performance period.
- Upon termination without cause or for good reason, unvested awards from prior years vest; same-year awards forfeited.
- Full vesting on death or disability; Change in Control triggers accelerated vesting with payout based on Change in Control Price.
- Plan covers all eligible employees and consultants, including named executive officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660734/000166073424000014/0001660734-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660734/000166073424000014/trtn-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001660734-24-000014

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