other material
confidence high
sentiment neutral
materiality 0.45
Instil Bio grants $462,825 retention bonus to CEO and $254,300 to CFO for one-year stay
Instil Bio, Inc.
- CEO Bronson Crouch awarded $462,825 retention bonus; CFO Sandeep Laumas awarded $254,300.
- Bonuses advanced immediately but earned only if employed through February 12, 2025.
- No repayment required if terminated without cause or resign for good reason before Retention Date.
- If resign without good reason or terminated for cause, pro-rated unearned bonus must be repaid within 30 days.
- Agreements intend to incentivize continued service over the next year.