leadership
confidence high
sentiment neutral
materiality 0.45
SolarWinds EVP & Chief Customer Officer Andrea Webb to resign Dec 2, 2024; advisor role to Feb 2025
SolarWinds Corp
- Andrea Webb resigns as EVP, Chief Customer Officer effective Dec 2, 2024; advisory role through Feb 28, 2025.
- Transition bonus of $440,000 (one-year salary) plus $352,000 target bonus for 2024, both lump-sum.
- Continued vesting of outstanding RSUs and PSUs through end of Transition Period subject to service.
- Health/dental COBRA reimbursement for up to 24 months; no severance except under Omnibus Amendment.
- Webb signs release to receive benefits; equity awards beyond vesting-eligible ones cancelled on termination.