secwatch.observer — SEC 8-K summary
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Issuer:     SoFi Technologies, Inc. (SOFI)
CIK:        0001818874
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001818874-25-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoFi adopts PSU award forms for CEO/CFO and senior employees tied to tangible book growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818874/000181887425000049/0001818874-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818874/000181887425000049/sofi-20250321.htm
  HTML page:      https://secwatch.observer/filing/0001818874-25-000049

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