The company said Phillip Sawarynski, currently Vice President of Corporate Development, Treasurer and Managing Director and Co-Lead at Trimble Ventures, will become its new Chief Financial Officer effective at the end of May 2024. It was already announced on November 1, 2023.

1. 01

   The company said Phillip Sawarynski, currently Vice President of Corporate Development, Treasurer and Managing Director and Co-Lead at Trimble Ventures, will become its new Chief Financial Officer effective at the end of May 2024. It was already announced on November 1, 2023.

2. 02

   The company said it will pay Sawarynski an annual base salary of $450,000, make him eligible to participate in the Management Incentive Plan, and grant him an annual target bonus equal to 80% of base salary.

3. 03

   The company said it will grant Sawarynski restricted stock units worth $1,000,000 as a promotional grant and in recognition of his transitional efforts. The units will vest in equal annual installments over 3 years, with a vesting start date of January 15, 2024.

4. 04

   The company said that if Sawarynski is terminated, he will receive 100% of his base salary and target bonus, and if he is terminated within 12 months after a change in control, he will receive 150%. Both cases include 14 months of continued health coverage.

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Original filing

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