Porch Group (PRCH) just unveiled an announcement.
Porch Group, Inc. has launched its 2024 long-term incentive program, focusing primarily on performance-based rewards for its top executives. The program combines performance-based restricted stock units (PRSUs), making up 75% of the grant, with restricted stock units (RSUs) forming the remaining 25%. The incentives are tied to three key metrics: Total Shareholder Return, Adjusted EBITDA, and revenue, with specific goals set for 2026. The grants will vest over time, contingent on the executives’ continued service and achieving performance targets, thereby aligning their interests with the company’s long-term success and shareholder value.
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