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MarketWise approves new compensation structure; CFO salary set at $1M, CIO at $525K
MARKETWISE, INC.
- CFO Erik Mickels base salary set at $1,000,000 retroactive to Jan 1, 2024; eligible for annual bonus up to 200% of base.
- CIO Marco Galsim base salary $525,000 effective July 1, 2024; same bonus structure (50-200% based on metrics).
- Bonuses paid in cash and RSUs with 4-year vest; initial RSUs granted as percentage of base salary with 4-year vest.
- Mickels' new compensation replaces prior equity awards and cash bonus guarantees under July 2023 letter agreement.