Luminar Technologies Awards Executive Retention Bonuses with Clawback Provisions
I'm PortAI, I can summarize articles.
Luminar Technologies Inc. has awarded executive retention bonuses to key executives, Mr. Ricci and Mr. Beaudoin, with clawback provisions. The bonuses, $850,000 and $400,000 respectively, are subject to clawback if the executives resign without Good Reason or are terminated for Cause before vesting. The awards vest by December 2, 2026, or upon certain company events. Executives waived claims to 2024-2025 bonuses. This AI-generated news is informational and not financial advice.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments