{"schema_version":"secwatch.filing_event.v1","accession":"0001821769-24-000003","form_type":"8-K","ticker":"NVTS","cik":"0001821769","company_name":"Navitas Semiconductor Corp","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.734406+00:00","generated_at":"2026-06-07T04:47:07.659255+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Navitas adopts Executive Severance Plan for SVP+; CEO gets 2x salary/benefits in change-of-control","bullets":["Plan covers senior VP and above, including named executive officers; effective Dec 27, 2023.","Non-CIC severance: CEO gets 1 year base salary + prorated bonus; other execs get 6 months.","CIC-period severance: CEO gets lump sum of 2x salary + 2x target bonus; other execs get 1.5x.","Time-based equity fully vests on CIC-qualifying termination; performance awards vest at actual.","No excise tax gross-up; benefits reduced if needed to avoid parachute penalty, subject to 105% net test."],"urls":{"canonical":"https://secwatch.observer/filing/0001821769-24-000003","json":"https://secwatch.observer/filing/0001821769-24-000003.json","markdown":"https://secwatch.observer/filing/0001821769-24-000003.md","text":"https://secwatch.observer/filing/0001821769-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821769/000182176924000003/0001821769-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821769/000182176924000003/i-20231227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:47:07.659255+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}