ZoomInfo Technologies Inc. — Form 8-K Summary
Business context and reporting period
This Form 8-K reports an executive compensation action approved by ZoomInfo Technologies Inc.’s board on December 30, 2022. The filing was signed and filed on January 4, 2023. It does not report quarterly or annual operating results.
Financial and operating metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics. No financial statements are included.
Material changes versus the prior comparable period
No comparable-period financial information or operating changes are disclosed.
Compensation action, outlook, and risks
- The board unanimously approved time-based restricted stock units for Chief Financial Officer Cameron Hyzer.
- The award had an aggregate grant-date fair value of approximately $9.2 million.
- The award was granted under the Company’s 2020 Omnibus Incentive Plan and the standard RSU award agreement.
- The RSUs vest in equal quarterly amounts over two years beginning January 1, 2023, with the first vesting scheduled for April 1, 2023.
- Vesting is subject to Mr. Hyzer’s continued service with the Company.
- The filing does not provide broader management guidance, an operating outlook, or additional contingencies.
Key facts for investors to verify
- Confirm the approximately $9.2 million grant-date fair value and the related equity-compensation expense and dilution disclosures in subsequent financial statements.
- Verify the quarterly vesting schedule and any changes resulting from continued-service requirements.
- Review future proxy statements and filings for additional details regarding executive compensation and outstanding equity awards.