{"id":6223,"date":"2026-05-15T01:30:00","date_gmt":"2026-05-14T23:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=11464a56886948cfd135005f9a5433e7"},"modified":"2026-05-15T01:30:00","modified_gmt":"2026-05-14T23:30:00","slug":"repay-announces-inducement-award-grants-for-matt-morrow","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=6223","title":{"rendered":"REPAY Announces Inducement Award Grants for Matt Morrow"},"content":{"rendered":"

ATLANTA--(BUSINESS WIRE)--Repay Holdings Corporation<\/a> (NASDAQ: RPAY) (\"REPAY\" or the \u201cCompany\u201d), a leading provider of vertically-integrated payment solutions, today announced inducement award grants to Matthew E. Morrow in connection with his appointment as REPAY\u2019s Executive Vice President \u2013 Consumer Payments.<\/p>

\nREPAY agreed to grant Mr. Morrow equity awards with a total target value of $1,750,000 as a material inducement to his entering into employment with the Company. The awards were approved by the Compensation Committee (the \u201cCompensation Committee\u201d) of REPAY\u2019s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4). The awards consist of (i) 260,416 shares of restricted stock (\u201cRSAs\u201d), representing 50% of the total target value, which will vest in equal annual installments over a four-year period beginning on the grant date, and (ii) 260,416 performance-based restricted stock units (\u201cPSUs\u201d), representing 50% of the total target value, which will vest, if at all, at the end of the three-year performance period ending December 31, 2028, based on the achievement of performance criteria established by the Compensation Committee, in each case, subject to Mr. Morrow\u2019s continued service through the applicable vesting dates.<\/p>

\n50% of the PSUs (with the number of PSUs disclosed above reflecting target performance) will be based on the Company\u2019s total shareholder return (\u201cTSR\u201d) relative to the Russell 2000 Index over the performance period, with payout levels ranging from 0% to 200% of target based on percentile performance. The remaining 50% of the PSUs will be based on the Company\u2019s achievement of pre-established Adjusted EBITDA growth targets over the performance period, with payout levels similarly ranging from 0% to 200% of target based on performance.<\/p>

\nThe number of RSAs and PSUs was determined by dividing the applicable portion of the total target value by the closing price of REPAY\u2019s Class A common stock on the grant date of May 12, 2026. The awards were granted outside of REPAY\u2019s equity incentive plans and are subject to the terms and conditions of the applicable award agreements covering the grants.<\/p>

\nAbout REPAY<\/b><\/p>

\nREPAY<\/a> provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.<\/p> Contacts<\/b>

\nInvestor Relations Contact for REPAY:<\/b> IR@repay.com<\/a>\nMedia Relations Contact for REPAY:<\/b>Kristen Hoyman\nkhoyman@repay.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

ATLANTA–(BUSINESS WIRE)–Repay Holdings Corporation (NASDAQ: RPAY) (\u00ab\u00a0REPAY\u00a0\u00bb or the \u201cCompany\u201d), a leading provider of vertically-integrated payment solutions, today announced inducement award grants to Matthew E. Morrow in connection with his appointme…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6223","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6223"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6223\/revisions"}],"predecessor-version":[{"id":6224,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6223\/revisions\/6224"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}