Sphere 3D enters new employment agreement with CEO Patricia Trompeter; base salary $450k plus RSUs

Sphere 3D Corp.

Annual base salary of $450,000; eligible for annual discretionary bonus up to 150% of base salary.
One-time grant of 1,000,000 RSUs: 25% vested Jan 15, 2024, remaining vest quarterly through Dec 31, 2025.
Change-of-control benefits scaled to transaction value: 1.5x–2x base salary and bonus, plus accelerated RSU vesting.
Termination without cause or for good reason: 18 months salary and target bonus continuation, plus COBRA for 12+ months.
Replaces prior employment agreement dated April 8, 2022; effective January 15, 2024.

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