other material
confidence high
sentiment neutral
materiality 0.50
Axsome adopts Executive Severance Plan with CIC benefits for officers
Axsome Therapeutics, Inc.
- Plan effective June 5, 2026, covers CEO (Tier 1), other Section 16 execs (Tier 2), and VPs+ (Tier 3).
- Outside CIC: CEO gets 18 months base salary plus 18 months COBRA; Tier 2 gets 12 months base plus COBRA.
- Inside CIC: CEO gets 24 months base plus target bonus, 24 months COBRA, and full equity vesting.
- Tier 2 inside CIC: 18 months base plus bonus, 18 months COBRA, full equity vesting; Tier 3: 9 months package.