leadership
confidence high
sentiment neutral
materiality 0.30
Myriad grants one-time retention options to CFO, COO and CSO; full vest on third anniversary
MYRIAD GENETICS INC
- Compensation Committee approved Nov 6, 2026 awards: CFO Benjamin R. Wheeler 121,379 options, COO Mark S. Verratti 146,933, CSO Dale Muzzey 92,632.
- Exercise price equals Myriad's closing stock price on the grant date; options vest and become exercisable in full on the third anniversary, subject to continued service.
- Options have a 10-year term; vested portions generally stay exercisable three months after termination other than death, disability or cause, and terminate immediately for cause.
- Company said the awards are meant to retain leadership continuity as it executes initiatives to improve operational efficiencies and financial performance.
- Awards remain subject to each executive's existing Severance and Change in Control Agreement; grants were made under the 2026 Equity Incentive Plan.