Company: TENB
Filing Date: 2025-08-21
Form Type: 8-K
Source: 0001660280-25-000095
Chunk: 1

Company: Tenable Holdings, Inc.
Filing Date: 2025-08-21
Form: 8-K
Item: Item 5.02
Chunk 1
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 the date each quarterly bonus is paid. In addition, Mr. Brown is eligible to receive a new-hire restricted stock unit award with an aggregate dollar value of $7,000,000, pursuant to the Company's 2018 Equity Incentive Plan. The Employment Agreement also provides that beginning with a grant date in February 2027, the Company's management will recommend that the Compensation Committee approve a target annual equity award for Mr. Brown with an aggregate value of $4,800,000, that may be granted in a mix of restricted stock units and performance restricted stock units as determined by the Compensation Committee, subject to approval of the Compensation Committee and applicable individual performance criteria.

If Mr. Brown is terminated without cause or resigns for good reason (each as defined in the Employment Agreement), provided he signs and does not revoke the separation agreement that is attached to the Employment Agreement and which includes a release of claims (the "Separation Agreement"), Mr. Brown is eligible to receive 12 months of continued base salary, payment by the Company of the employer-portion of premiums for continued group health coverage for up to 12 months following termination (the "COBRA Severance"), and a lump sum cash payment equal to Mr. Brown’s target annual bonus for the year in which the termination occurs, prorated based on the last day of employment and reduced by the amount of any quarterly bonuses previously paid or due for the year in which the termination occurs. If such termination or resignation occurs within the three months prior to or 12 months following a change in control (as defined in the Employment Agreement), provided he signs and does not revoke the Separation Agreement, Mr. Brown is eligible to receive the same base salary severance and group health plan contributions set forth above (but the base salary severance will be paid in a lump sum), a bonus severance payment equal to the sum of (i) one times Mr. Brown's target annual bonus for the year in which the termination occurs, plus (ii) one times Mr. Brown’s target annual bonus for the year in which the termination occurs, prorated based on the last day of employment and reduced by the amount of any quarterly bonuses previously paid or due for the year in which the termination occurs, and accelerated vesting in full of any outstanding unvested equity incentive awards held by Mr. Brown. In addition, if Mr. Brown dies or his employment is terminated due to disability (as defined in the Employment Agreement), provided Mr. Brown’s estate or Mr.