Arq sets CEO Robert Rasmus annual salary at $50,000, drops bonus and long-term incentive eligibility
ARQ•CEO compensation agreement amended
Arq amended CEO Robert Rasmus’s employment agreement, setting a term through July 23, 2029.
- Annual salary reset to $50,000.
- Annual bonus eligibility ended.
- Long-term incentive plan participation ended.
- Granted 600,000 time-based RSUs; vesting is split between the second and third anniversaries, with acceleration on certain termination events or a change in control.
- Granted 600,000 performance-based RSUs tied to 30-day VWAP targets of $3, $6, and $9, with vesting by the third anniversary.
- Amended 400,000 inducement RSUs to extend the performance period to July 17, 2029.
