leadership
confidence high
sentiment neutral
materiality 0.30
Rhythm Pharma amends exec comp; CEO base $717k, severance enhanced for change of control
RHYTHM PHARMACEUTICALS, INC.
- CEO Meeker: base salary $717,254, bonus target 65%, severance 12 months (18 months +150% bonus on change in control).
- CFO Smith: base $480,000, bonus 40%, severance 9 months (12 months +100% bonus under change in control).
- CTO Shulman ($435,000) and EVP Chien ($473,000) receive similar amended terms.
- Severance conditioned on release of claims and continued compliance with restrictive covenants.
- 280G best-pay provision ensures after-tax maximization if excise tax applies.