leadership
confidence high
sentiment negative
materiality 0.70
Athira Pharma terminates CFO/CBO and COO/CDO; grants retention equity to CEO and VP Finance
LeonaBio, Inc.
- Andrew Gengos (CFO/CBO) and Rachel Lenington (COO/CDO) terminated Oct 1, 2024; severance payments of $363,750 and $375,000 respectively.
- Lenington to provide consulting through Dec 31, 2024 at $41,666.67/month; equity vests during term.
- CEO Mark Litton receives 325k RSUs + 325k options (strike $0.4257); VP Finance Renninger gets 37,077 RSUs + 37,077 options (strike $0.4499).
- Retention awards vest 1/3 each on Dec 31, 2024, Jun 30, 2025, and Dec 31, 2025, subject to continued service.
- 2024 corporate goal achievement percentage automatically increased by 25 percentage points for certain executives.