leadership
confidence high
sentiment neutral
materiality 0.40
374Water signs employment agreement with COO Meyers; base salary $300k, equity grant of 462k shares
374Water Inc.
- Base salary rises to $300,000/year from $200,000; eligible for annual bonus up to 50% of base.
- Equity award of 231,000 RSUs and 231,000 options. Time-vesting: 25% in year 1, then monthly over 36 months; performance-vesting on operating profit and $100M revenue milestone.
- Termination without cause or good reason yields 6 months salary, benefits, pro-rated bonus, and accelerated vesting through 6 months post-separation.
- Shares may be issued under private placement exemption (Section 4(a)(2)/Reg D) or future Form S-8 registration.