other material
confidence high
sentiment neutral
materiality 0.50
Revolution Medicines increases CEO Mark Goldsmith's change-in-control severance to 2x salary plus bonus
Revolution Medicines, Inc.
- Severance multiplier raised from 1.5x to 2x for CEO Mark Goldsmith upon qualifying termination near a change in control.
- Applies to termination without cause or resignation for good reason from 3 months before to 18 months after a change in control.
- Amendment approved by Compensation Committee on June 8, 2022, and executed on June 10, 2022.
- Lump sum cash payment equals 2x annual base salary plus target annual bonus.
- No other terms of the employment agreement were changed.