SoFi Technologies Inc.
SoFi Technologies Approves Performance-Based Restricted Stock Unit Awards
Summary
On March 21, 2025, SoFi Technologies, Inc.'s Board of Directors approved two forms of Performance Stock Unit Award Agreements for the grant of performance restricted stock unit awards under the Amended and Restated 2021 Stock Option and Incentive Plan. These PSU Awards are subject to the achievement of certain performance targets, including Absolute Growth in Tangible Book Value and Total Shareholder Return, over a three-year performance period. If the Company's Total Risk Weighted Capital Ratio falls below 10.5% at any point during the Measurement Period, 100% of the PSUs will be forfeited. The agreements also include provisions for death and disability benefits and vesting upon a Qualifying Termination. The forms of these agreements are filed as Exhibit 99.1 and 99.2 to this Form 8-K.
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Exhibits (2)
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About SoFi Technologies Inc.
SoFi Technologies Inc. operates as a financial technology company primarily focused on offering a suite of financial products and services designed to meet the needs of both individual and institutional clients. It provides a digital platform that includes lending services, such as student loan refinancing, personal loans, and home loans. Additionally, SoFi offers investing and savings tools, digital banking services, including checking and savings accounts, as well as insurance products. The company's platform is renowned for its commitment to leveraging technology to streamline financial processes and enhance user experience. Targeting primarily a younger demographic, SoFi caters to customers seeking modern, mobile-first financial solutions. Aimed at disruptiveness within the traditional financial industry, SoFi operates in sectors like personal finance, student financing, and digital payments, contributing to increased accessibility and efficiency in financial transactions. Established in 2011 and headquartered in San Francisco, California, SoFi Technologies continues to influence the fintech landscape by integrating technological innovation with financial services.
Official SEC Documents
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