---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-201332"
form_type: "8-K"
ticker: "ASPN"
cik: "0001145986"
company_name: "ASPEN AEROGELS INC"
filed_at: "2025-09-11T23:59:59+00:00"
generated_at: "2026-05-17T06:49:45.574951+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-201332
- form_type: 8-K
- ticker: ASPN
- cik: 0001145986
- company_name: ASPEN AEROGELS INC
- filed_at: 2025-09-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145986/000119312525201332/0001193125-25-201332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145986/000119312525201332/aspn-20250905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-201332
- JSON: https://secwatch.observer/filing/0001193125-25-201332.json
- Plain text: https://secwatch.observer/filing/0001193125-25-201332.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.