CFO Joel Lebowitz retires; enters transition and consulting agreements effective Feb 28, 2022

Schrodinger, Inc.

Joel Lebowitz retired as CFO and Treasurer effective February 28, 2022.
Receives salary continuation for 9 months post-separation and COBRA premium payments for up to 18 months.
Consulting agreement: $3,500/month for up to 10 hours of services, $350/hour for additional hours.
Stock options continue vesting during the consulting period; exercise period extended to 9 months after termination.
Non-compete obligation under employment agreement extended for 9 months following separation.

item 5.02 item 9.01

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Departed

Joel Lebowitz

Chief Financial Officer and Treasurer

SDGR · Schrodinger, Inc.

Effective: 2022-02-28
Filed: March 2, 2022, 6:59 PM ET

On February 28, 2022, following the previously disclosed retirement of Joel Lebowitz as Chief Financial Officer and Treasurer of Schrödinger, Inc. (the “Company”), the Company entered into a transition, separation and release of claims agreement (the “Transition Agreement”) with Mr. Lebowitz, which confirms the terms of his retirement from the Company, effective as of February 28, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joel Lebowitz retired as Chief Financial Officer and Treasurer at Schrodinger, Inc..

Action: retired
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On February 28, 2022, following the previously disclosed retirement of Joel Lebowitz as Chief Financial Officer and Treasurer of Schrödinger, Inc. (the “Company”), the Company entered into a transition, separation and release of claims agreement (the “Transition Agreement”) with Mr. Lebowitz, which confirms the terms of his retirement from the Company, effective as of February 28, 2022

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Schrodinger, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-063008

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