leadership
confidence high
sentiment neutral
materiality 0.25
Offerpad Solutions increases base salaries for three executives; retention bonuses for two
Offerpad Solutions Inc.
- CLO Ben Aronovitch base salary raised to $475k from $375k, effective Jan 1, 2024.
- SVP Finance James Grout and SVP Controller Hiten Patel base salaries increased to $325k each.
- Each of Grout and Patel receives $100k retention bonus payable after Mar 15, 2025 or 2024 10-K filing.
- Retention bonus accelerates if employment terminated without cause near a change in control.