other material
confidence high
sentiment neutral
materiality 0.65
Blend Labs approves amended compensation for CEO and CFO including large RSU grants
Blend Labs, Inc.
- CEO Nima Ghamsari gets base salary of $545,000/year, $800,000 in two incentive payments, and 6M RSUs over 4 years.
- CFO Amir Jafari receives 300,000 RSUs vesting quarterly over 2 years and up to 200,000 performance-based RSUs tied to stock price hurdles.
- Incentive payments require employment through Aug 31, 2024 and Aug 31, 2025; clawback applies if terminated for cause or resignation without good reason.
- Ghamsari eligible for Change in Control Severance Agreement providing full vesting of unvested equity upon qualifying termination near a change in control.