Affirm Holdings, Inc. Reports Annual Equity Award Grants to Executive Officers
Summary
On September 18, 2025, the Compensation Committee of Affirm Holdings, Inc. approved annual equity awards, comprising restricted stock units (RSUs) and performance stock units (PSUs), for several executive officers. Recipients include Rob O'Hare (CFO), Katherine Adkins (Chief Legal Officer), Michael Linford (COO), and Libor Michalek (President). The PSUs are subject to time-based, service-based, and Company financial performance-based conditions over a three-year period starting July 1, 2025. Performance targets are based on annual growth rates of revenue less transaction costs (50%) and adjusted operating income (50%), with shares earned ranging from 50% to 200% of PSUs granted.
Why It Matters
This update is material as it details the company's executive compensation strategy, specifically the use of performance stock units tied to key financial metrics like revenue less transaction costs and adjusted operating income growth over a three-year period, aligning executive incentives with long-term company performance.
Key Quote
“The shares of Class A Common Stock subject to the PSUs may be earned, if at all, based on Company financial performance during a three-year performance period (the "Performance Period") that commenced on July 1, 2025.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001820953
- Filing Date
- Monday, September 22, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive