other
confidence high
sentiment neutral
materiality 0.30
Magenta Therapeutics enters amended employment agreements with two executives
Dianthus Therapeutics, Inc. /DE/
- Thomas Beetham (CLO) base salary $435,000, target incentive 40% of base, amended severance details.
- David Nichols (CTO) base salary $362,000, target incentive 40% of base, amended severance details.
- Severance: 0.75x base plus pro-rata target outside change in control; 1x base plus 100% target and accelerated vesting within change in control period.
- Agreements effective May 2, 2022, supersede prior employment agreements.
- Standard COBRA subsidies included; subject to release and noncompetition covenant.