---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-24-000039"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:01:17.979891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Porch Group grants $10.57M in 2024 LTI to CEO, CFO, COO; 75% PRSUs tied to TSR, EBITDA, revenue

## Summary
- 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.

## SEC filing metadata
- accession: 0001784535-24-000039
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000039/0001784535-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000039/prch-20240405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000039
- JSON: https://secwatch.observer/filing/0001784535-24-000039.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.