other
confidence high
sentiment neutral
materiality 0.35
Korro Bio enters new employment agreements with CEO and CFO with enhanced change-in-control severance
Korro Bio, Inc.
- CEO Ram Aiyar: base $498,487, target bonus 45% of base; CFO Vineet Agarwal: base $426,483, target bonus 35%.
- Outside CIC severance: CEO 12 months base + pro rata bonus + 12 months COBRA; CFO 9 months base + pro rata bonus + 9 months COBRA.
- Within CIC severance: CEO 18 months base + 1.5x bonus + accelerated vesting; CFO 12 months base + 1.0x bonus + accelerated vesting.
- Agreements supersede prior offer letters, formalizing compensation previously disclosed; effective November 2023.