Arq CEO Rasmus takes $50K salary, no bonus; gets 1.2M RSUs with performance vesting targets

Arq, Inc.

CEO Robert Rasmus's annual salary reduced to $50,000; no longer eligible for annual bonus or long-term incentive compensation.
Granted 600,000 time-based RSUs vesting 50% on 2nd anniversary, 50% on 3rd anniversary; accelerated on change in control or certain terminations.
Granted 600,000 performance-based RSUs vesting at 30-day VWAP thresholds of $3, $6, and $9 per share (200,000 each) before 3rd anniversary.
Employment term extended to July 23, 2029; inducement RSUs (400,000) performance period extended to July 17, 2029.
Company to reimburse up to $20,000 in legal fees for negotiation.

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