other material
confidence high
sentiment neutral
materiality 0.35
Grace Therapeutics amends severance for CEO (12-18 mo) and 4 execs (6 mo) as of Jan 10, 2026
Grace Therapeutics, Inc.
- CEO Prashant Kohli gets 12 mo base salary (no CIC) or 18 mo base+target bonus (CIC) plus COBRA.
- Four other executives get 6 mo base salary (no CIC) or 6 mo base+target bonus (CIC) plus COBRA.
- Unvested equity forfeited on termination without Cause absent CIC; fully vests if terminated/resigned within 12 mo after CIC.
- Amendments effective January 10, 2026; prior severance terms superseded.