secwatch.observer — SEC 8-K summary
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Issuer:     SolarWinds Corp (—)
CIK:        0001739942
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0001739942-24-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarWinds EVP & Chief Customer Officer Andrea Webb to resign Dec 2, 2024; advisor role to Feb 2025
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- Andrea Webb resigns as EVP, Chief Customer Officer effective Dec 2, 2024; advisory role through Feb 28, 2025.
- Transition bonus of $440,000 (one-year salary) plus $352,000 target bonus for 2024, both lump-sum.
- Continued vesting of outstanding RSUs and PSUs through end of Transition Period subject to service.
- Health/dental COBRA reimbursement for up to 24 months; no severance except under Omnibus Amendment.
- Webb signs release to receive benefits; equity awards beyond vesting-eligible ones cancelled on termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000111/0001739942-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000111/swi-20240822.htm
  HTML page:      https://secwatch.observer/filing/0001739942-24-000111

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