Grindr Inc. (GRND) Form 8-K — Jun 25, 2026
Grindr Inc. approved changes to the compensation of Chief Financial Officer John North, increasing his annual base salary from $175,000 to $275,000 effective October 1, 2026. The Compensation Committee modified his performance-vesting restricted stock unit arrangement to tie grants to specific targets regarding market capitalization, stock price, or TTM EBITDA. The RSU awards have a potential aggregate value of $19.1 million, contingent upon achieving thresholds such as a $10 billion market capitalization or a stock price of $52 per share.
Key figures
- New Base Salary
- $275,000
- Rsu Tier1 Value
- $1,600,000
- Rsu Tier2 Value
- $7,000,000
- Rsu Tier3 Value
- $10,500,000
- Previous Base Salary
- $175,000
- Target Bonus Percentage
- 100%
- Rsu Tier1 Market Cap Target
- $5 billion
- Rsu Tier2 Market Cap Target
- $7.5 billion
- Rsu Tier3 Market Cap Target
- $10 billion
Price after filing
Close on the filing date to close N calendar days later (from $13.56). Historical, not a forecast.
AI analysis
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