CSRA INC. (NYSE:CSRA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.>
2017, CSRA Inc. issued restricted stock units (“RSUs”) to all of
its named executive officers (“NEOs”) other than Mr. Prior, and
performance based restricted stock units (“PSUs”) to all of its
NEOs (collectively, the “FY 2018 Grants”), using new forms of
grant agreements. Each RSU represents a contingent right to
receive one share of CSRA Inc. common stock. One-third of the
RSUs will vest on each anniversary of the grant date over three
years. The terms of the PSUs are materially consistent with
grants of PSUs in fiscal year 2017, except that the accelerated
vesting provision associated with fiscal year 2017 PSU grants has
been eliminated and the PSUs will vest, based on performance, on
the third anniversary of the grant date. In addition, the single
trigger provision in the fiscal year 2017 equity award agreements
relating to a change in control is eliminated for the FY 2018
Grants.
from, and in addition to, any equity grants to which he is
entitled to his employment agreement.
not complete and is qualified in its entirety by reference to the
forms of the award agreements themselves, which are filed
herewith as Exhibits 10.1 and 10.2 and are incorporated by
reference herein.
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Exhibit No.
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Description
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10.1
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Form of Service Based Restricted Stock Unit Award
Agreement |
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10.2
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Form of Performance Based Restricted Stock Unit Award
Agreement |
About CSRA INC. (NYSE:CSRA)
CSRA Inc. is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies. The Civil segment provides services to various federal agencies within the Department of Homeland Security (the DHS), Department of Health and Human services, and other federal civil agencies, as well as various state and local government agencies. It supplies civil government agencies with mission information systems and associated technical support services. It provides its customers with technical services across service areas, including Digital Services, Enterprise Business Services, Digital Platforms, Cyber, Data Science, and Professional and Citizen Services. It has conducted operations in over 130 locations.