secwatch.observer — SEC 8-K summary
======================================

Issuer:     Porch Group, Inc. (PRCH)
CIK:        0001784535
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001784535-25-000027
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Porch Group grants $11.05M in equity to execs under 2025 LTI; 75% performance-based
--------------------------------------------------------------------------------

- CEO Ehrlichman receives $6.95M (1,030,016 PRSUs + 343,339 RSUs); CFO Tabak $1M; COO Neagle $3.1M.
- 75% of award value in performance-based RSUs (PRSUs) with targets for rTSR, Adjusted EBITDA, and Revenue (each 33.3% weight).
- PRSU payout range 0%-400% per metric; rTSR and EBITDA metrics have additional upside to 350% and 500% levels.
- RSUs vest over 4 years: 25% at year 1, then 1/6 every six months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784535/000178453525000027/0001784535-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784535/000178453525000027/prch-20250404.htm
  HTML page:      https://secwatch.observer/filing/0001784535-25-000027

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