SPS Commerce amends executive PSU awards to standardize double-trigger vesting
SPS Commerce amended all outstanding performance stock unit awards held by its executive officers, including retired executives, to a single revised PSU Agreement effective April 10, 2026. The change makes treatment of 2024 awards consistent with 2025 and 2026 awards, and the new agreement will also apply to future grants.
Key points
- Effective date of the amended PSU Agreement is April 10, 2026
- 2024 PSUs had single-trigger vesting; 2025 and 2026 PSUs had double-trigger vesting
- Under the new agreement, accelerated vesting generally requires termination without cause or good-reason resignation within one year after a change in control, or the surviving entity failing to continue or assume the awards
- The revised form is filed as Exhibit 10.1
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits 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 April 14, 2026.
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