other material
confidence high
sentiment neutral
materiality 0.30
Porch Group grants $10.57M in 2024 LTI to CEO, CFO, COO; 75% PRSUs tied to TSR, EBITDA, revenue
Porch Group, Inc.
- CEO Ehrlichman: $6.75M total (1,562,017 PRSUs + 520,672 RSUs); CFO Tabak: $820k (189,756 PRSUs + 63,252 RSUs); COO Neagle: $3M (694,230 PRSUs + 231,410 RSUs).
- PRSUs (75% weight) vest based on TSR vs S&P SmallCap 600, 2026 Adjusted EBITDA, and 2026 revenue with 50%-200% payout range.
- RSUs (25% weight) vest 25% on April 5, 2025, then 1/6th every 6 months for 36 months.
- Grant value priced using 60-trading day VWAP ending April 4, 2024, aligning with annual employee equity awards.