Business Context and Reporting Period
Viant Technology Inc. filed a Form 8-K dated March 1, 2022, reporting the adoption of a company-wide Annual Incentive Plan. The filing was signed on March 4, 2022. Viant is incorporated in Delaware and its Class A common stock trades on Nasdaq under the symbol DSP.
Financial Metrics and Capital Structure
This filing does not provide financial statements, revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics.
Material Changes
- On March 1, 2022, Viant’s Board adopted the Viant Technology Inc. Annual Incentive Plan.
- The plan provides for cash-based incentive awards to selected employees, including executives, officers, key employees, and other designated employees of the company or its affiliates.
- The Compensation Committee administers the plan and determines eligible participants, performance periods, target awards, performance goals, and actual payouts.
Outlook, Risks, and Unusual Items
- Performance periods may cover different durations, including 12-month or three-month periods.
- Target awards may be based on a percentage of annual base salary or a fixed dollar amount.
- Performance criteria may include sales or revenue targets, economic value added, and customer satisfaction.
- Awards may have threshold, target, and maximum performance levels. The Compensation Committee may increase, reduce, or eliminate an award in its discretion.
- Participants are not guaranteed selection for future performance periods, and awards are paid in cash or its equivalent in a single lump sum.
- The filing does not disclose specific award amounts, participants, performance targets, expected expense, or potential financial impact.
Investor Verification Items
- Review Exhibit 10.1 for the complete terms of the Annual Incentive Plan.
- Verify the participants, target award opportunities, performance measures, payout thresholds, and maximum payouts when subsequently disclosed.
- Assess future filings for compensation expense, cash payments, changes to executive compensation, and any material impact on operating results or liquidity.