Better Home appoints Chad Smith as President & COO of Better Mortgage

Better Home & Finance Holding Co

Chad Smith, former CEO of Mission Loans, appointed President & COO of Better Mortgage effective May 6, 2024.
Kevin Ryan remains CFO; he had previously served as President & CFO.
Smith receives $1M base salary, 100% target bonus (min $500K first year), 4M RSUs and 4M performance-based RSUs.
RSUs vest: 25% at 12 months, remainder quarterly over 3 years; performance RSUs also subject to market conditions.
Severance: 6 months salary plus prorated minimum bonus if terminated before 12 months; 3 months salary after.

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