---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-24-000003"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:47:07.659255+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Navitas adopts Executive Severance Plan for SVP+; CEO gets 2x salary/benefits in change-of-control

## Summary
- Plan covers senior VP and above, including named executive officers; effective Dec 27, 2023.
- Non-CIC severance: CEO gets 1 year base salary + prorated bonus; other execs get 6 months.
- CIC-period severance: CEO gets lump sum of 2x salary + 2x target bonus; other execs get 1.5x.
- Time-based equity fully vests on CIC-qualifying termination; performance awards vest at actual.
- No excise tax gross-up; benefits reduced if needed to avoid parachute penalty, subject to 105% net test.

## SEC filing metadata
- accession: 0001821769-24-000003
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000003/0001821769-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000003/i-20231227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-24-000003
- JSON: https://secwatch.observer/filing/0001821769-24-000003.json
- Plain text: https://secwatch.observer/filing/0001821769-24-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.