Savara appoints Robert Lutz as COO with $437K salary, $115K signing bonus

Savara Inc

Robert Lutz, former CFO/COO of iBio and Strongbridge, joins Savara as COO effective Feb 13, 2023.
Base salary of $437,000; annual bonus target of 40% of base salary; signing bonus of $115,000.
Subject to Board approval, receives option for 350,000 shares vesting over 4 years and 140,000 RSUs vesting in 2 years.
Severance includes 12 months salary plus prorated bonus outside CIC; 18 months plus 100% bonus within CIC period.
Vesting acceleration on termination: 12 months of unvested options vest outside CIC; full acceleration within CIC.

item 5.02 item 9.01

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Appointed

Robert Lutz

Chief Operating Officer

SVRA · Savara Inc

Effective: 2023-02-13
Filed: February 14, 2023, 6:59 PM ET

On February 13, 2023 (the “Effective Date”), Robert Lutz joined Savara Inc. (“Savara”) as its Chief Operating Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Lutz was appointed as Chief Operating Officer at Savara Inc.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On February 13, 2023 (the “Effective Date”), Robert Lutz joined Savara Inc. (“Savara”) as its Chief Operating Officer.

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Source: SEC EDGAR

accession 0001193125-23-037363

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