secwatch.observer — SEC 8-K summary
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Issuer:     Longeveron Inc. (LGVN)
CIK:        0001721484
Form:       8-K
Filed at:   2026-07-14T21:19:56+00:00
Accession:  0001213900-26-078019
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Longeveron revises CEO Willard's pay: $500K salary no longer deferred, equity vests over 3 years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721484/000121390026078019/0001213900-26-078019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721484/000121390026078019/ea0297987-8k_longeveron.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-078019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer