secwatch.observer — SEC 8-K summary
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Issuer:     CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)
CIK:        0001801170
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001801170-23-000094
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Clover Health adopts long-term cash MIP; CFO Leffler target $1M, Home Care CEO Priest target $1.1M, total $7.275M
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- MIP performance goal tied to cash, cash equivalents, and investment levels over two-year period ending June 30, 2025.
- Earned awards range 0%-150% of target; minimum threshold earns 50%, target 100%, maximum 150%, plus time-based vesting.
- Named executive officers (excl. CEO and Exec Chair) and key employees are eligible Participants.
- MIP supplements equity grants that were sized more conservatively due to share reserve considerations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801170/000180117023000094/0001801170-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801170/000180117023000094/clov-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001801170-23-000094

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