Latch extends cash comp for leadership, appoints Jason Mitura CPO, launches stock-price-linked equity plan

Latch, Inc.

Jason Mitura appointed CPO effective Aug 16, 2024; previously CPO at Ring, base salary $350,000.
Cash comp program extended: Siminoff $1,550,000/yr, Lillis $475,000/yr, Mitura $650,000/yr until exchange listing or Board termination.
Performance equity program grants options (exercise price $0.41) and PSUs vesting at stock price hurdles $4-$6 and $1-$3 within 7 years.
Siminoff receives 8M performance options, Mitura 7.5M, Lillis 3M; options earned in three tranches at $4, $5, $6 share prices.
Employment agreement with Mitura includes 12-month salary severance if terminated without cause or for good reason, plus 12-month non-compete.

item 5.02 item 9.01

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Appointed

Jason Mitura

Chief Product Officer

LTCH · Latch, Inc.

Effective: 2024-08-16
Filed: August 13, 2024, 7:59 PM ET

On the Effective Date, the Board also appointed Jason Mitura as the Company’s Chief Product Officer beginning August 16, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Mitura was appointed as Chief Product Officer at Latch, Inc..

Action: appointed
Role: Chief Product Officer

Exact text from the filing

On the Effective Date, the Board also appointed Jason Mitura as the Company’s Chief Product Officer beginning August 16, 2024.

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-24-000038

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