other
confidence high
sentiment neutral
materiality 0.50
Heron Therapeutics amends CEO and executive severance, equity acceleration provisions
HERON THERAPEUTICS, INC. /DE/
- CEO Craig Collard's amended agreement: severance of 1x base salary + bonus (non-CIC) or 2x (CIC), plus equity acceleration.
- For performance-based equity granted after April 3, 2026, vesting accelerates at greater of actual performance or target upon qualifying termination.
- Similar amendments for CFO Duarte, CDO Forbes, COO Hensley: 12 months pay & equity (non-CIC) or 24 months & full acceleration (CIC).
- Agreements add 24-month non-competition and non-solicitation covenants; governing law changed to North Carolina.