secwatch.observer — SEC 8-K summary
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Issuer:     Instil Bio, Inc. (TIL)
CIK:        0001789769
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001789769-24-000027
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Instil Bio grants $462,825 retention bonus to CEO and $254,300 to CFO for one-year stay
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789769/000178976924000027/0001789769-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789769/000178976924000027/til-20240212.htm
  HTML page:      https://secwatch.observer/filing/0001789769-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer