Purple Innovation Inc. Announces Amendments to Employment and RSU Agreements, Enhancing Compensation Terms for Key Executives

Reuters08-12

<a href="https://laohu8.com/S/PRPL">Purple Innovation Inc.</a> Announces Amendments to Employment and RSU Agreements, Enhancing Compensation Terms for Key Executives

Purple Innovation Inc. has announced amendments to its executive compensation agreements, effective August 7, 2025. The company has modified the employment agreement with CEO Robert T. DeMartini to update the definition of a "change in control." Additionally, the Board has approved changes to the Restricted Share Unit (RSU) Agreement for senior leadership. Under the new terms, 100% of RSUs will vest if the company terminates an executive's employment without cause. This change affects key executives, including CFO Todd Vogensen, CHRO John J. Roddy, and COO Eric S. Haynor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Purple Innovation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-074635), on August 12, 2025, and is solely responsible for the information contained therein.

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Announces Amendments to Employment and RSU Agreements, Enhancing Compensation Terms for Key Executives","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PRPL\">Purple Innovation Inc.</a> Announces Amendments to Employment and RSU Agreements, Enhancing Compensation Terms for Key Executives\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Purple Innovation Inc. has announced amendments to its executive compensation agreements, effective August 7, 2025. The company has modified the employment agreement with CEO Robert T. DeMartini to update the definition of a \"change in control.\" Additionally, the Board has approved changes to the Restricted Share Unit (RSU) Agreement for senior leadership. 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