leadership
confidence high
sentiment neutral
materiality 0.50
Natera extends Executive Chairman Rabinowitz's term to Jan 2025, $400k salary
Natera, Inc.
- Rabinowitz to serve as Executive Chairman through Jan 31, 2025; base salary $400K per year.
- Eligible for annual cash bonus of 85% of salary in FY2023 and FY2024 based on performance goals.
- Annual equity awards at 80% of CEO's award value for FY2023 and FY2024, subject to board approval.
- Amendment removes single-trigger accelerated vesting in change of control, revises good reason definition.
- Severance terms vary based on mutual agreement to extend beyond Jan 2025; potential 100% equity acceleration if no agreement and no Chairman offer.