3D Systems (NYSE: DDD) grants $800K stock to interim CFO
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
3D Systems Corporation has updated the compensation package for interim Chief Financial Officer Phyllis Nordstrom. The board’s Compensation Committee approved a $15,000 increase to her monthly salary, effective August 30, 2025, reflecting her expanded responsibilities as interim CFO in addition to her existing roles.
The committee also granted Ms. Nordstrom a one-time restricted stock award valued at $800,000. These shares of common stock will vest in equal installments over three years on each anniversary of the grant date, conditioned on her continued employment with the company.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
FAQ
What executive compensation change did 3D Systems (DDD) disclose?
3D Systems disclosed that interim CFO Phyllis Nordstrom will receive a $15,000 increase in monthly salary plus a one-time restricted stock award valued at $800,000.
Why did 3D Systems (DDD) increase Phyllis Nordstrom’s pay?
The company increased Ms. Nordstrom’s compensation in recognition of her expanded responsibilities after she assumed the additional role of interim Chief Financial Officer while continuing her existing executive positions.
How will the $800,000 restricted stock award at 3D Systems vest?
Ms. Nordstrom’s $800,000 restricted stock award will vest ratably over three years, with a portion vesting on each anniversary of the grant date, subject to her continued employment.
When does the new compensation for 3D Systems’ interim CFO take effect?
The $15,000 monthly salary increase for Ms. Nordstrom is effective August 30, 2025, following her appointment as interim CFO effective August 29, 2025.
What roles does Phyllis Nordstrom hold at 3D Systems (DDD)?
Phyllis Nordstrom serves as Executive Vice President, Chief People Officer, and Chief Administrative Officer, and has also been appointed as the company’s interim Chief Financial Officer.