Short answer
HEALTHEQUITY, INC. (HQY) filed an 8-K current report with the SEC on May 8, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Enhanced severance applies to CEO Scott Cutler and five other senior executives.
HEALTHEQUITY, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Enhanced severance applies to CEO Scott Cutler and five other senior executives
- Cutler receives 12 months’ salary plus target bonus, increasing to 18 months’ salary plus 150% target bonus after a change in control
- Other executives receive 12 months’ salary plus target bonus after a change in control
- New RSUs vest for 12 months after qualifying termination before a change in control
- PSUs remain eligible for prorated, performance-based vesting after qualifying termination before a change in control
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