Management ChangeJun 18, 2026, 05:01 PM
Byrna Technologies Finalizes Separation Agreement with Former President Luan Pham
AI Summary
Byrna Technologies Inc. finalized a Separation Agreement and General Release with its former President, Luan Pham, on June 17, 2026, following his termination without cause on June 13, 2026. The agreement provides Mr. Pham with a cash severance of $380,000, a pro-rata short-term incentive payment of $145,170, and up to twelve months of COBRA premium reimbursements. Additionally, 20,810 restricted stock units were fully vested, while other unvested equity awards were forfeited, and Mr. Pham reaffirmed restrictive covenants.
Key Highlights
- Byrna Technologies entered into a Separation Agreement with former President Luan Pham on June 17, 2026.
- Mr. Pham will receive cash severance of $380,000, payable over twelve months.
- He will also receive a lump-sum pro-rata short-term incentive payment of $145,170.
- The company will reimburse COBRA premiums for up to twelve months.
- 20,810 restricted stock units (10,405 time-based, 10,405 performance-based) were fully vested as of the Separation Date.
- All other unvested equity awards held by Mr. Pham were forfeited.
- Mr. Pham reaffirmed post-employment restrictive covenants, including non-competition and non-solicitation.
Price Impact
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