Corporate GovernanceJun 11, 2026, 04:06 PM
Oportun Grants CEO Doug Bland 927,644 Equity Awards
AI Summary
Oportun Financial Corporation announced it granted a long-term new hire equity award to its Chief Executive Officer, Doug Bland, on June 10, 2026. The award consists of 463,822 restricted stock units (RSUs) and 463,822 performance-vesting restricted stock units (PSUs). These awards were an inducement material to Mr. Bland entering employment with the company and are subject to specific vesting schedules over a three-year period.
Key Highlights
- Oportun granted CEO Doug Bland 463,822 restricted stock units (RSUs).
- Oportun granted CEO Doug Bland 463,822 performance-vesting restricted stock units (PSUs).
- The total equity award for CEO Doug Bland is 927,644 units.
- RSUs vest one-third on the first anniversary, then quarterly over two years.
- PSUs are eligible to vest after a three-year performance period.
- The awards were an inducement for Mr. Bland's employment.
Price Impact
More from OPRT