other_material
confidence high
sentiment neutral
materiality 0.55
Terra Innovatum corrects Frepoli 2026 comp from €5M to €500K; discloses executive bonuses
Terra Innovatum Global N.V.
- Correction reduces Cesare Frepoli's FY2026 fixed compensation from EUR 5,000,000 to EUR 500,000.
- CEO Petruzzi: EUR 500K (FY2025), EUR 558K (FY2026); CSO Morichi: EUR 400K/450K; COO Frepoli: EUR 450K/500K.
- Subsidiary-level bonus payments approved Dec 2025: Petruzzi EUR 130,374; Cherubini, Frepoli each EUR 116,832; Morichi EUR 105,144; Moyen $100,002; Morichi Atelier $131,400.
- Additional payments: Petruzzi EUR 75,000, Cherubini EUR 75,000, Frepoli EUR 47,700.
- Directorship agreements include one-year term, change-in-control severance of 18 months' compensation plus target bonus.