---
schema_version: "secwatch.filing_event.v1"
accession: "0001836833-23-000026"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:45:48.415309+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Planet Labs adopts program allowing NEOs to receive annual bonus in performance-vesting PSUs

## Summary
- Compensation Committee adopted program on April 24, 2023 for named executive officers and certain employees.
- Participants may elect to receive entire annual bonus as PSUs instead of cash under the 2021 Incentive Award Plan.
- PSUs vest based on performance goals; earned payout ranges from 0% to 125% of target.
- Target PSU value equals annual bonus target, based on 30-day average closing price before grant.
- Settlement in Class A common stock occurs at same time cash bonuses would have been paid.

## SEC filing metadata
- accession: 0001836833-23-000026
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000026/0001836833-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000026/pl-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836833-23-000026
- JSON: https://secwatch.observer/filing/0001836833-23-000026.json
- Plain text: https://secwatch.observer/filing/0001836833-23-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.