AGNT clarifies CEO equity awards vest fully on qualifying termination more than two years after change in control
AGNT•AGNT corrected its October 8 disclosure, clarifying that CEO Leo Pareja’s unvested time-based awards vest fully after a qualifying termination even more than 24 months after a change in control.
1. Vesting clarification
AGNT said unvested time-based awards vest fully if Pareja is terminated without cause or resigns for good reason following a change in control, including beyond 24 months afterward. The correction covers his promotional grant and subsequent awards, including performance-based portions determined to be earned at the change in control. Pro rata treatment applies only to qualifying terminations not following a change in control, and the employment agreement remains unchanged.
