CVRx, Inc. 8-K

What Happened
CVRx, Inc. announced on February 27, 2026 that its Compensation Committee approved incremental equity awards in the form of performance stock units (PSUs) for all executive officers tied to a cumulative revenue goal for the fiscal 2026–2027 performance period. The grant-date value of PSUs for the named executive officers was equal to three‑quarters (75%) of the value of their annual long‑term incentives for fiscal 2026. The PSUs pay out based on achievement of a cumulative revenue target (not disclosed), with earned awards settled in shares of common stock.

Key Details

• Date: Compensation Committee approved the awards on February 27, 2026.
• Payout range: PSUs can be earned from 50% of target at threshold performance up to 200% of target at maximum performance.
• Grant value: For named executive officers, PSU grant value = 75% of their fiscal 2026 annual long‑term incentive value.
• Vesting/settlement: 50% of any earned PSUs vest and are settled in stock upon certification after the performance period; the remaining 50% vest and settle on December 31, 2028, subject to continued employment. Accelerated or continued vesting is provided for death, disability, termination without cause, or certain change‑in‑control events; on a change in control PSUs convert to time‑based restricted stock units at the greater of target or actual performance. The form of the PSU agreement is filed as Exhibit 10.1.

Why It Matters
These awards show the company is tying executive compensation to revenue growth goals, which can strengthen management incentives to increase top-line revenue. Because earned PSUs are paid in shares, they can increase outstanding stock count if performance is achieved, affecting potential dilution. The specific revenue target was not disclosed (cited as competitively sensitive), so investors cannot yet assess the difficulty of the goal or the likely size of any award payout.