leadership
confidence high
sentiment neutral
materiality 0.45
Aeva enters new employment agreements with CEO, CTO, and CFO with defined salaries and severance
Aeva Technologies, Inc.
- CEO Soroush Dardashti receives base salary $550K, 2021 bonus $550K, target bonus 100% of base.
- President/CTO Mina Rezk receives base $550K, 2021 bonus $1M, relocation allowance $130K plus $30K/month for 36 months.
- CFO Saurabh Sinha receives base $450K, 2021 bonus $210K, target bonus 65% of base.
- Severance: 12 months salary (9 for CFO) plus target bonus, COBRA, and acceleration of time-based equity for termination without cause or good reason; enhanced in change of control.
- CEO pay ratio for 2021: CEO total comp $2,013,300, median employee $208,228, ratio 10:1.