secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001820144-25-000015
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grindr amends CEO George Arison's employment contract; lowers $30M equity vesting market-cap target to $7.5B
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- Involuntary termination now accelerates vesting of all time- and performance-based equity awards scheduled to vest within 12 months.
- Second CEO market-cap threshold reduced from $10B to $7.5B; $30M fully vested RSU grant must be earned by Oct 19, 2027.
- Definitions of Cause and Good Reason revised; adds board independence and remote-work protections for CEO.
- Annual KPI awards updated with stock price multiplier and true-up mechanism; target value remains $1.5M per year.
- Time-based RSU grant confirmed at $37.5M; performance threshold for $20M grant set at $5B market cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000182014425000015/0001820144-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000182014425000015/grnd-20250318.htm
  HTML page:      https://secwatch.observer/filing/0001820144-25-000015

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