Schrödinger appoints Geoffrey Porges as CFO; severance plan amended

Schrodinger, Inc.

Porges appointed EVP/CFO effective Aug 18, 2022; previously Vice Chairman at SVB Securities.
Base salary $580k, sign-on bonus $230k (repayable if terminated for cause or resigns within 24 mo).
Granted 180k stock options (25% vest year 1, then monthly over 3 yrs) and 90k performance-based RSUs.
Jenny Herman ceases as interim CFO but remains principal accounting officer.
Executive Severance Plan amended: 9 months salary for non-CIC termination for certain execs; CIC severance multiples increased (CFO: 0.75x to 1.0x; CEO: 1.0x to 1.5x).

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jenny Herman

Interim Principal Financial Officer

SDGR · Schrodinger, Inc.

Effective: 2022-08-18
Successor: Geoffrey Porges
Filed: August 18, 2022, 7:59 PM ET

As a result of Dr. Porges’ appointment as Chief Financial Officer, Jenny Herman, the Company’s Senior Vice President, Finance and Corporate Controller, will cease to serve as the Company’s interim principal financial officer.

Appointed

Geoffrey Porges

Executive Vice President and Chief Financial Officer

SDGR · Schrodinger, Inc.

Effective: 2022-08-18
Filed: August 18, 2022, 7:59 PM ET

On August 16, 2022, the Board of Directors (the “Board”) of Schrödinger, Inc. (the “Company”) appointed Geoffrey Porges as Executive Vice President and Chief Financial Officer of the Company, effective upon the commencement of his employment with the Company on August 18, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jenny Herman changed role as Interim Principal Financial Officer at Schrodinger, Inc..

Action: will cease to serve
Role: Interim Principal Financial Officer

Exact text from the filing

As a result of Dr. Porges’ appointment as Chief Financial Officer, Jenny Herman, the Company’s Senior Vice President, Finance and Corporate Controller, will cease to serve as the Company’s interim principal financial officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Geoffrey Porges was appointed as Executive Vice President and Chief Financial Officer at Schrodinger, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 16, 2022, the Board of Directors (the “Board”) of Schrödinger, Inc. (the “Company”) appointed Geoffrey Porges as Executive Vice President and Chief Financial Officer of the Company, effective upon the commencement of his employment with the Company on August 18, 2022

View on SEC.gov

Schrodinger, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-029714

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