other material
confidence high
sentiment neutral
materiality 0.60
Aterian raises co-CEOs' base salary to $325k and grants 945,946 restricted shares each
Aterian, Inc.
- Base salary for co-CEOs Joseph Risico and Arturo Rodriguez increased to $325,000 per annum.
- Each co-CEO granted 945,946 restricted shares; vesting 1/3 at one year, then quarterly over two years.
- Severance on non-cause termination: 12 months base salary, COBRA premiums for 12 months, accelerated equity vesting.
- Change-in-control protection: same severance benefits if co-CEO resigns for good reason within 12 months post-CIC.