leadership
confidence high
sentiment neutral
materiality 0.30
Armata formalizes CMO Pastagia's salary at $456,800; improves severance to 12 months
Armata Pharmaceuticals, Inc.
- Dr. Pastagia's base salary confirmed at $456,800 (effective Jan 1, 2023).
- Target bonus increased to 50% of salary for FY2024; no 2023 bonus awarded.
- Eligible for annual equity grants starting 2025; current intent ~$300,000 fair value.
- Severance extended from 6 to 12 months base salary for involuntary termination without cause.
- Amendment also updates title to Chief Medical Officer (serving since Jan 1, 2023).