other material
confidence high
sentiment neutral
materiality 0.35
Fulgent Genetics adopts executive clawback policy for incentive compensation misconduct
Fulgent Genetics, Inc.
- Policy applies to Section 16 officers; covers equity awards and cash incentives granted on/after March 28, 2022.
- Recoupment triggered by Committee finding of serious misconduct causing material legal/policy violation with significant harm.
- No recoupment after change in control or for awards granted more than 3 years before first triggering event.
- Company may also recoup compensation as required by law or exchange rules; no indemnification for recouped amounts.