---
schema_version: "secwatch.filing_event.v1"
accession: "0000899140-22-000493"
form_type: "8-K"
ticker: "INVA"
cik: "0001080014"
company_name: "Innoviva, Inc."
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T01:53:27.913061+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Innoviva enters new CEO employment agreement with Pavel Raifeld through April 2024

## Summary
- Base salary $455k in year one, $500k in year two; bonus target 70% then 80% of salary.
- Option grant of 150,000 shares; 25% vesting immediately, rest quarterly over three years with acceleration on change-in-control involuntary termination.
- Severance without cause: continued salary for longer of 6 months or through April 30, 2024, plus pro-rata bonus subject to release.
- Initial term May 1, 2022 to April 30, 2024; automatic renewal for one-year periods unless 60-day non-extension notice given.

## SEC filing metadata
- accession: 0000899140-22-000493
- form_type: 8-K
- ticker: INVA
- cik: 0001080014
- company_name: Innoviva, Inc.
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080014/000089914022000493/0000899140-22-000493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080014/000089914022000493/i52714371a.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899140-22-000493
- JSON: https://secwatch.observer/filing/0000899140-22-000493.json
- Plain text: https://secwatch.observer/filing/0000899140-22-000493.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.