Short answer
CVRx, Inc. (CVRX) filed an 8-K current report with the SEC on March 3, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). PSU awards granted to all executive officers Feb 27, 2026 at 75% of annual LTI value: significant incremental retention-focused grant.
CVRx, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- PSU awards granted to all executive officers Feb 27, 2026 at 75% of annual LTI value: significant incremental retention-focused grant
- Vesting tied to undisclosed cumulative 2026-2027 revenue goal; payout range 50% of target (threshold) to 200% of target (maximum)
- Settlement split: 50% after performance certification post-2027, remaining 50% on Dec 31, 2028; extends retention window through end of 2028
- Change-of-control provision converts PSUs to time-based RSUs at greater of target or actual performance: protects upside in acquisition scenario
- Undisclosed revenue target limits investor ability to gauge likelihood of payout; Committee describes it only as "meaningful revenue growth"
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