8-K - Mastech Digital, Inc. | StockGist

AI Analysis

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Mastech Digital, Inc. awarded its CEO and President, Nirav Patel, 100,314 restricted shares valued at $616,932 in lieu of his 2025 annual performance bonus, with a two-year transfer restriction ending March 30, 2028, subject to early lapse upon separation, death, or disability.

Key Takeaways

1Nirav Patel, CEO and President, received 100,314 restricted shares as payment for his $616,932 earned 2025 performance bonus — a material compensation event tied to executive retention.

2Shares were issued based on a 30-day VWAP of $6.15, confirming the valuation methodology used for the equity award.

3Restricted shares are subject to a two-year transfer restriction through March 30, 2028, enhancing alignment with long-term shareholder interests.

4Restrictions lapse immediately upon separation from the Company, death, or disability — introducing potential near-term share liquidity under qualifying events.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 30,

Management Change

$616.9K$6.15

9.01

Financial Statements and Exhibits. (d) Exhibits | Exhibit No. | | | |---|---|---| | | | | | 10.1 | | Restricted Stock Agreement dated March 30, 2026, between Ma

Exhibits Only

Executive & Director Changes

Nirav Patel

Chief Executive Officer and President

Awarded restricted stock in lieu of cash bonus

Effective: 2026-03-30

Payment of earned 2025 annual performance bonus

Exhibits (2)

10.1

EX-10.1

8-K