AI English summary of an SEC filing — figures as filed
Bloom Energy BEThe company said it appointed Daniel Berenbaum as Chief Financial Officer on April 17, 2024, effective April 29, 2024. Greg Cameron, his predecessor, will remain with the company until mid-May 2024.
Key points
AI summaryThe company said it appointed Daniel Berenbaum as Chief Financial Officer on April 17, 2024, effective April 29, 2024. Greg Cameron, his predecessor, will remain with the company until mid-May 2024.
The company said Berenbaum, 54, served as Executive Vice President and Chief Financial Officer at National Instruments Corporation from January 2023 until the company was sold in October. The press release said his financial and operational career spans more than 30 years.
The company set Berenbaum's annual base salary at $575,000, with a target annual incentive bonus of 100% of his base salary. His sign-on bonus is $200,000, and his relocation payment, payable upon his move to the San Francisco Bay Area, is $150,000.
The company said Berenbaum will receive RSUs covering 200,000 shares of Class A common stock, with 25% vesting on the 1st anniversary of the grant date and the remainder vesting quarterly over 4 years. The company also said he will receive PSUs covering 100,000 shares, with a maximum of 150,000 shares over a 3-year vesting period.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Appointment of Chief Financial Officer and Effective Date
The company said it appointed Daniel Berenbaum as Chief Financial Officer on April 17, 2024, effective April 29, 2024. Greg Cameron, his predecessor, will remain with the company until mid-May 2024.
Source · Based on the filing body and exhibits
Berenbaum's prior experience
The company said Berenbaum, 54, served as Executive Vice President and Chief Financial Officer at National Instruments Corporation from January 2023 until the company was sold in October. The press release said his financial and operational career spans more than 30 years.
Source · Based on the filing body and exhibits
Base salary, bonus and relocation terms
The company set Berenbaum's annual base salary at $575,000, with a target annual incentive bonus of 100% of his base salary. His sign-on bonus is $200,000, and his relocation payment, payable upon his move to the San Francisco Bay Area, is $150,000.
Source · Based on the filing body and exhibits
RSU and PSU equity award terms
The company said Berenbaum will receive RSUs covering 200,000 shares of Class A common stock, with 25% vesting on the 1st anniversary of the grant date and the remainder vesting quarterly over 4 years. The company also said he will receive PSUs covering 100,000 shares, with a maximum of 150,000 shares over a 3-year vesting period.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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