Cerus names Vivek Jayaraman as President and CEO, effective July 1, 2026

CERUS CORP

Vivek Jayaraman, current COO, will become President and CEO effective July 1, 2026; current CEO Obi Greenman becomes Executive Chairman.
Jayaraman's base salary $740,000; target bonus up to 80% of base salary.
Promotion equity award of $2M (75% time-based RSUs, 25% performance-based RSUs); additional $1M achievement award (performance-based RSUs).
Severance: 12 months base salary plus COBRA continuation and full acceleration of unvested equity upon qualifying termination.

item 5.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.