GoodRx names new Chief Accounting Officer
GoodRx Holdings, Inc. appointed Thomas Chan as Chief Accounting Officer and designated him as the company’s principal accounting officer, effective immediately.
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Form Type
8-K
Rhea-AI Filing Summary
GoodRx Holdings, Inc. appointed Thomas Chan as Chief Accounting Officer and designated him as the company’s principal accounting officer, effective immediately. Chan has held increasing accounting and reporting roles at GoodRx since 2020 and previously worked in audit and assurance at Deloitte & Touche.
In connection with his promotion, Chan’s annual base salary was set at $310,000 with a target annual bonus of 40% of base salary. He will receive a restricted stock unit award valued at $131,250 and a performance-based restricted stock unit award valued at $43,750 under the 2020 Incentive Award Plan, with multi-year time- and performance-based vesting schedules tied to continued employment.
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.
Key Figures
Base salary: $310,000 per year
Target bonus: 40% of base salary
RSU award value: $131,250
+3 more
6 metrics
Base salary
$310,000 per year
Annual base salary for Chief Accounting Officer role
Target bonus
40% of base salary
Target annual cash bonus opportunity
RSU award value
$131,250
Restricted stock unit award under 2020 Incentive Award Plan
PSU award value
$43,750
Performance-based restricted stock unit award
RSU vesting start
August 15, 2026
First of twelve equal quarterly RSU vesting dates
PSU first vest
March 3, 2027
First of three equal PSU vesting installments
Key Terms
Chief Accounting Officer, principal accounting officer, restricted stock unit award, performance-based restricted stock unit award, +2 more
6 terms
Chief Accounting Officer financial
"appointed Thomas Chan ... as the Company’s Chief Accounting Officer and designated Mr. Chan as the principal accounting officer"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
principal accounting officer financial
"appointed Thomas Chan ... as the Company’s Chief Accounting Officer and designated Mr. Chan as the principal accounting officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock unit award financial
"will be granted (i) a restricted stock unit award (“RSU Award”) having an aggregate value of $131,250"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
performance-based restricted stock unit award financial
"and (ii) a performance-based restricted stock unit award (“PSU Award”) having an aggregate value of $43,750"
A performance-based restricted stock unit award is a promise to give company shares to an employee or executive only if the business hits specific targets over a set period. Think of it as a conditional prize that vests like a savings plan: if agreed goals (such as revenue, profit, or stock performance) are met, the recipient receives the shares; if not, they get nothing. Investors pay attention because these awards align management incentives with company results and can affect share count, future earnings and executive behavior.
2020 Incentive Award Plan financial
"under the Company’s 2020 Incentive Award Plan"
indemnification agreement regulatory
"Mr. Chan has also entered into the Company’s standard indemnification agreement for directors and officers"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did GoodRx (GDRX) disclose in this 8-K filing?
GoodRx appointed Thomas Chan as Chief Accounting Officer and principal accounting officer, effective immediately. He has held senior controllership and reporting roles at GoodRx since 2020 and previously worked at Deloitte & Touche in audit and assurance positions.
What is Thomas Chan’s new compensation as Chief Accounting Officer of GoodRx (GDRX)?
Thomas Chan’s annual base salary was set at $310,000, with a target annual bonus equal to 40% of his base salary. This compensation reflects his expanded responsibilities as Chief Accounting Officer and principal accounting officer of GoodRx Holdings, Inc.
What equity awards will Thomas Chan receive from GoodRx (GDRX)?
Thomas Chan will receive a restricted stock unit award valued at $131,250 and a performance-based restricted stock unit award valued at $43,750 under GoodRx’s 2020 Incentive Award Plan. The awards vest over several years, subject to continued employment and, for PSUs, performance goals.
How do Thomas Chan’s RSUs at GoodRx (GDRX) vest over time?
The RSU award will vest in twelve equal quarterly installments, starting August 15, 2026, as long as Thomas Chan remains employed through each vesting date. This creates a multi‑year, time-based incentive aligned with his ongoing service as Chief Accounting Officer.
What is the vesting schedule for Thomas Chan’s performance-based RSUs at GoodRx (GDRX)?
The performance-based RSU award will vest in three equal installments: one-third on March 3, 2027, and one-third on each of the first and second anniversaries of that date. Vesting depends on meeting performance goals and continued employment through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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