Chemours CFO Lock resigns amid accounting review; gets extended options, no severance

Chemours Co

Resigned as SVP & CFO effective April 23, 2024; no severance, no 2023 or 2024 annual incentive.
Vested stock options on ~89,184 shares (8 grants, strike $14.43-$48.25) extended to 3-year exercise window.
Must cooperate with board's ongoing review of accounting matters; breach may forfeit equity awards and require repayment.
Only cash benefit is $7,245 for 3 months COBRA premiums; all unvested equity awards forfeited for no consideration.

item 5.02 item 9.01

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Departed

Jonathan S. Lock

Senior Vice President and Chief Financial Officer

CC · Chemours Co

Effective: 2024-04-23
Filed: April 25, 2024, 7:59 PM ET

On April 23, 2024, Jonathan S. Lock resigned from all positions with The Chemours Company (the “Company”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.5

Jonathan S. Lock resigned as Senior Vice President and Chief Financial Officer at Chemours Co.

Action: resigned
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On April 23, 2024, Jonathan S. Lock resigned from all positions with The Chemours Company (the “Company”).

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Chemours Co filing history →

Source: SEC EDGAR

accession 0001193125-24-114364

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