Aspen Aerogels promotes Grant Thoele to CFO, effective Oct 1, 2025

ASPEN AEROGELS INC

Grant Thoele named CFO and Treasurer, succeeding Ricardo C. Rodriguez.
Base salary of $390,000; annual performance bonus target of 60% of base.
Promotion equity grant of $300,000 in PSUs, RSUs, and stock options.
Severance: 1x salary plus bonus on non-CIC qualifying termination; 2x on change of control.
Non-compete covenant for one year post-employment with 50% base salary payment.

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