Corporate GovernanceMay 1, 2026, 05:07 PM
374Water Finalizes CEO Daniel Bogar's Employment Agreement
AI Summary
374Water Inc. entered into an employment agreement with its President and CEO, Daniel Bogar, effective April 27, 2026. The agreement provides an annual base salary of $225,000 and eligibility for an annual performance bonus up to 100% of his base salary. Mr. Bogar will also receive equity grants, including options and restricted stock units, each covering 175,000 shares, with a specified vesting schedule. The agreement also outlines severance benefits in case of termination without cause or for good reason.
Key Highlights
- CEO Daniel Bogar's annual base salary set at $225,000.
- Eligible for an annual performance bonus with a target of up to 100% of his base salary.
- Granted an option to purchase 175,000 shares of common stock.
- Granted a restricted stock unit (RSU) award covering 175,000 shares of common stock.
- 25% of both the Option Grant and RSU Grant vest on the date of grant.
- Remaining 75% of grants vest in eight equal quarterly installments starting June 30, 2026.
- Severance includes 6 months of base salary and continued medical coverage if terminated without cause.
Price Impact
More from SCWO