CEO succession is routine with no financial guidance or operational updates. Monitor the upcoming 10-Q for any strategic pivot commentary from Newhard and for finalization of Keyser's severance terms. The $3.00 floor on the RSU grant price suggests management sees current stock as undervalued.
Price Chart
Executive Summary
Verra Mobility appointed Jon Newhard as President and CEO effective November 1, 2026, replacing interim CEO Jon Keyser. Newhard receives a $725,000 base salary, a $4.75M equity inducement grant, and up to $660,000 in clawback reimbursement from his former employer. The filing is a routine CEO succession with standard compensation terms — no financial results or guidance were disclosed.
Key Facts
- Jon Newhard appointed President and CEO effective November 1, 2026, and as a Board member (Board expands from 6 to 7 directors).
- Annual base salary of $725,000; target STIP bonus of 100% of base salary beginning FY2027.
- New hire inducement RSU award with grant date fair value of $4,750,000, vesting in 3 equal annual installments.
- Annual equity incentive target for FY2027 expected at $4,000,000 (subject to Compensation Committee discretion).
- Severance: 18 months base salary + 1.5x STIP target + 18 months COBRA on non-CIC termination; 24 months base + 2.0x STIP + full equity acceleration on CIC termination within 12 months.
- Clawback reimbursement to Newhard of up to $660,000 if required to pay former employer; repayable if he voluntarily leaves within 12 months.
- Interim CEO Jon Keyser transitions to advisory role through December 31, 2026; severance terms still being negotiated.
- Relocation assistance from Germany to Mesa, AZ: up to $15,000/month for 3 months temporary living, plus permanent relocation costs with tax gross-up.
Financial Impact
Total new CEO compensation package valued at approximately $9.5M+ in first year ($725K salary + $4.75M equity + $4M expected annual equity + $25K sign-on bonus + relocation costs + up to $660K clawback reimbursement). No financial impact on company operations or reported results.
Risk Factors
- Newhard's appointment is contingent on background check clearance.
- Keyser's severance terms remain undisclosed and could involve additional costs.
- No financial results or guidance provided — uncertainty about business trajectory under new leadership.
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-412497 |
| Document: d116013dex102.htm | 0001193125-26-412497 |
| Document: d116013d8k.htm | 0001193125-26-412497 |
| Document: d116013dex991.htm | 0001193125-26-412497 |
| Document: 0001193125-26-412497-index-headers.html | 0001193125-26-412497 |
| Document: 0001193125-26-412497-index.html | 0001193125-26-412497 |
| Document: 0001193125-26-412497.txt | 0001193125-26-412497 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $2.94 | awaiting T+60 | — | $3.09 (+5.10%) |
Oct 15, 2026 11d ago | Press Release | $2.94 | awaiting T+60 | — | $3.09 (+5.10%) |
Oct 5, 2026 21d ago | SC 13G/A | $2.87 | awaiting T+60 | — | $3.09 (+7.67%) |
Oct 2, 2026 24d ago | 8-K | $2.87 | awaiting T+60 | — | $3.09 (+7.67%) |
Aug 26, 2026 8w ago | Press Release | $4.41 | awaiting T+60 | — | $3.09 (−29.93%) |
Jul 24, 2026 13w ago | Press Release | $4.05 $2.81 | ▼ −30.62% | ▼ −34.35% | $3.09 (−23.70%) |
Jun 8, 2026 20w ago | 8-K | $4.18 $4.20 | ▲ +0.48% | ▼ −3.03% | $3.09 (−26.08%) |
Jun 1, 2026 21w ago | 8-K | $4.16 $4.42 | ▼ −6.25% | ▼ −5.13% | $3.09 (+25.72%) |
May 6, 2026 24w ago | 8-K | $14.63 $5.61 | ▼ −61.65% | ▼ −65.49% | $3.09 (−78.88%) |
Feb 24, 2026 34w ago | 8-K | $16.18 $13.28 | ▼ −17.92% | ▼ −24.87% | $3.09 (−80.90%) |
US Market Status
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