other material
confidence high
sentiment neutral
materiality 0.60
Aeva approves 2023 executive compensation with PSU grants tied to operational and stock price milestones
Aeva Technologies, Inc.
- Cash bonuses for 2022: $495K each to Soroush Salehian and Mina Rezk; $263,250 to CFO Saurabh Sinha.
- 2023 salaries raised 4% to $572K for Salehian and Rezk, $468K for Sinha.
- Salehian receives 5,735,294 PSUs; Rezk 3,823,529; vesting based on production wins by 2024/2025 or stock price targets from $2 to $15 by 2027.
- Operational milestones: two production wins by 2024; start of production threshold by 2025 for equal installments.
- Stock price targets escalate annually: $2 (2023), $4 (2024), $6 (2025), $10 (2026), $15 (2027); unearned portions can vest later if subsequent targets met.