other_material
confidence high
sentiment neutral
materiality 0.40
Tourmaline Bio enhances severance benefits for CFO and CBO in change-in-control scenarios
Tourmaline Bio, Inc.
- Board amended Severance Plan on Sep 8, 2025 for CFO Ryan Robinson and CBO Brad Middlekauff.
- Qualifying termination within 3 months before or 12 months after change-in-control triggers lump sum of 15 months salary plus 125% target bonus.
- Also entitled to COBRA premium reimbursement for up to 15 months and 100% acceleration of time-based equity awards.
- CEO Sandeep Kulkarni's severance benefits remain unchanged.
item 5.02