Latch, Inc. (LTCH) Form 8-K — Aug 28, 2026
Latch, Inc. (LTCH) disclosed in an 8-K that on August 24, 2026 it adopted a retention bonus program for its three top executives: CEO David Lillis ($250,000), CFO Jeff Mayfield ($225,000), and Chief Strategy and Legal Officer Priyen Patel ($187,500). Awards vest only if each executive stays employed through December 31, 2027, with payment due within roughly 45 days thereafter. The awards do not accelerate on a change of control or other corporate transaction, but executives terminated without cause or resigning for good reason before the vesting date receive a pro rata portion.
Key figures
- Payment window days
- 45
- Retention vesting date
- 2027-12-31
- Ceo retention award usd
- 250000
- Cfo retention award usd
- 225000
- Cso clo retention award usd
- 187500
AI analysis
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