Flywire Corp — Form 10-Q
Filed August 5, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Flywire hired Patrick Blanc as Chief Technology Officer (start date on/before March 2, 2026) at $450K base salary, $275K target bonus, and $2.6M sign-on RSU grant vesting over 4 years, plus $350K sign-on cash bonus. Separately, Mohit Kansal's prior offer letter was superseded by a new employment agreement (dated March 1, 2026) formalizing his Chief Payments Officer role, with base salary increasing from $290K to $355K (effective July 1, 2026) and target bonus of $250K. Both agreements include standard severance (0.75× base+bonus without Change in Control; 1.0× with), equity acceleration provisions, and 9–12 months COBRA coverage. The Kansal agreement replaces his January 21, 2016 peerTransfer offer letter.
Why this rating
Combined new executive comp (~$3.6M cash sign-on, $2.6M RSU, annual recurring ~$1.0M) is ~0.3% of $1.4B market cap. Standard executive hiring; no material business change or financial obligation shift.
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