leadership
confidence high
sentiment neutral
materiality 0.40
Longeveron revises CEO Willard's pay: $500K salary no longer deferred, equity vests over 3 years
Longeveron Inc.
- Base salary of $500,000 per year is no longer subject to deferral period (previously disclosed).
- Annual cash bonus target set at 45% of base salary, with 80% based on corporate goals and 20% discretionary.
- Initial equity awards (200,000 RSUs and 200,000 stock options) now vest quarterly over three years instead of four.
- Severance: 3 months salary per year worked, capped at 12 months, min 6 months after 1 year.
- Upon change in control termination within 6 months: lump sum of 12 months salary plus 100% target bonus, full equity vesting.