---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-087888"
form_type: "8-K"
ticker: "VSTM"
cik: "0001526119"
company_name: "Verastem, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:56:22.372495+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Verastem enters CEO employment agreement with Daniel Paterson; $600K salary, equity grants

## Summary
- Daniel Paterson appointed President & CEO effective Aug 1, 2023; employment agreement signed Aug 2, 2023.
- Base salary $600K/yr; annual bonus target 55% of base salary, pro-rated for 2023.
- Granted option for 100,000 shares at $10.44/share; 50,000 time-based RSUs; 50,000 performance-based RSUs tied to FDA acceptance/approval of avutometinib+defactinib NDA.
- Time-based awards vest 25% on 1-yr anniversary, then 6.25% quarterly over 4 yrs.
- Severance: 12 months salary (18 months upon Change of Control), pro-rata bonus, COBRA, accelerated time-based vesting for 12 months.

## SEC filing metadata
- accession: 0001104659-23-087888
- form_type: 8-K
- ticker: VSTM
- cik: 0001526119
- company_name: Verastem, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526119/000110465923087888/0001104659-23-087888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526119/000110465923087888/tm2322911d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-087888
- JSON: https://secwatch.observer/filing/0001104659-23-087888.json
- Plain text: https://secwatch.observer/filing/0001104659-23-087888.txt

## Key facts
- Executive change
  Daniel Paterson was appointed as President and Chief Executive Officer at Verastem, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Daniel Paterson was appointed to the position of President and Chief Executive Officer of Verastem, Inc. (the “Company”) effective as of August 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526119/000110465923087888/0001104659-23-087888-index.htm

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