other_material
confidence high
sentiment neutral
materiality 0.40
IO Biotech enters CEO severance agreement providing 12-18 months pay and equity vesting
IO Biotech, Inc.
- Severance pay: 12 months base salary on qualifying termination; 18 months if termination within 6 months pre- or 12 months post-Change in Control.
- Equity awards: 12-month vesting acceleration (standard) or 100% vesting at target (Change in Control scenario).
- Pro-rated bonus for termination year plus unpaid prior-year bonus; subject to release and non-compete compliance.
- CEO Mai-Britt Zocca: addendum to existing service agreement effective June 19, 2025.
item 5.02item 9.01