secwatch.observer — SEC 8-K summary
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Issuer:     Natera, Inc. (NTRA)
CIK:        0001604821
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001104659-24-126348
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud

Natera amends employment agreement for Executive Chairman Matthew Rabinowitz
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- Rabinowitz's base salary set at 50% of CEO's base salary, with annual cash bonus up to 85% of base salary.
- Annual equity awards valued at 80% of CEO's annual equity grants, split between time-based and performance-based vesting.
- Severance includes lump-sum cash of 12 months' base salary (18 months if within 12 months of change in control) plus COBRA premiums for 12 months (18 months for CIC).
- Time-based equity accelerates upon involuntary termination: greater of 50% of unvested shares or 12 months forward vesting; full acceleration upon CIC.
- Performance-based equity awards granted after effective date vest based on actual performance multiplied by service fraction plus 12 months; CIC triggers greater of actual or 100% achievement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604821/000110465924126348/0001104659-24-126348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604821/000110465924126348/tm2430337d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126348

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