leadership
confidence high
sentiment neutral
materiality 0.60
Ascend Wellness transitions Chairman Kurtin and EVP Perullo; separation payments total $5.78M
Ascend Wellness Holdings, Inc.
- Abner Kurtin retains Executive Chairman role with $200k salary; $150k RSU; no bonus or severance.
- Kurtin receives $3.3M termination payment and accelerated vesting of ~1.8M equity awards.
- Francis Perullo moves to EVP Corporate Affairs with $450k salary, up to 100% bonus, LTIP from FY2025.
- Perullo gets $2.475M separation payment and accelerated vesting of ~1.28M options/RSUs.
- Both agreements are at-will; Perullo's includes severance; Kurtin's is one-year term.