other material
confidence high
sentiment neutral
materiality 0.50
SoFi adopts PSU award forms for CEO/CFO and senior employees tied to tangible book growth
SoFi Technologies, Inc.
- Board approved two PSU award forms under the 2021 Plan: one for CEO/CFO, one for senior employees.
- PSUs vest based on Absolute Growth in Tangible Book Value over 3-year period, 0-150% of target.
- Vesting subject to TSR Performance Multiplier (0-150%) vs Nasdaq Composite; capped if absolute TSR negative.
- 100% forfeiture if Total Risk Weighted Capital Ratio falls below 10.5% during performance period.
- CEO/CFO form provides for vesting at higher of actual or target upon qualifying termination; senior employee form uses actual TSR.