CEO Paul Ricci officially appointed May 27; $600K salary, $600K target bonus, equity grants totaling ~2.1M RSUs

Luminar Technologies, Inc./DE

Base salary $600K; target annual bonus $600K (100% of base).
Standard equity award: 1,640,758 RSUs (50% time-based, 50% performance-based on market cap goals).
Signing equity award: 468,788 fully vested RSUs subject to 12-month clawback for cause or resignation without good reason.
Non-CIC severance: 1.5× base+bonus for 18 months, 12 months equity vesting acceleration, COBRA.
CIC severance: 2.0× base+bonus for 24 months, 100% equity vesting acceleration, COBRA.

item 5.02 item 9.01

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Appointed

Paul Ricci

Chief Executive Officer

Luminar Technologies, Inc./DE

Effective: 2025-05-27
Filed: May 27, 2025, 7:59 PM ET

Paul Ricci was appointed as Chief Executive Officer effective on or about May 21, 2025, the anticipated start date of his employment.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Ricci was appointed as Chief Executive Officer at Luminar Technologies, Inc./DE.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Paul Ricci was appointed as Chief Executive Officer effective on or about May 21, 2025, the anticipated start date of his employment.

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Source: SEC EDGAR

accession 0001628280-25-027955

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