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AI brief of an SEC Form 8-K · CrowdStrike (CRWD)

CrowdStrike grants CEO George Kurtz performance award of 300,000 target PSUs

Neutral Impact 4 of 5 leadership Written later

On December 22, 2025, CrowdStrike's independent directors approved a performance-based equity award for President and CEO George Kurtz, with a target of 300,000 performance stock units (PSUs). The payout depends on relative total stockholder return against S&P 500 companies over December 22, 2025 to December 22, 2028, and can range from zero to up to 600,000 shares. For shareholders, the award ties Kurtz's pay to stock performance relative to the index, while the company says it is intended to retain him.

Key points

  • Target award of 300,000 PSUs; no shares are earned if relative TSR falls below the 25th percentile of S&P 500 companies, and up to 600,000 shares are possible at or above the 90th percentile.
  • Three-year performance period runs from December 22, 2025 to December 22, 2028.
  • The filing cites a share price of $483.14 and market capitalization of $121.3 billion as of December 22, 2025.
  • The award is tied to a change-in-control provision and to Kurtz's continued service; the full terms are in Exhibit 10.1.

The filing

CompanyCrowdStrike (CRWD)
Form8-K, current report
Filed with the SECDec 29, 2025, 5:15 PM ET
Accession number0001104659-25-124912

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.