Corporate GovernanceJul 28, 2026, 06:06 AM
FiscalNote CEO Compton's New Employment Agreement Details Compensation
AI Summary
FiscalNote Holdings, Inc. detailed the employment agreement for its President & CEO, Mr. Compton, effective July 24, 2026. The agreement includes an annual base salary of $425,000, a target annual incentive bonus of 75% of his base salary, and an initial grant of 1,450,000 performance-based restricted shares. The agreement also outlines severance terms for various termination scenarios and a potential $1 million Transaction Bonus upon a Change in Control.
Key Highlights
- CEO annual base salary set at $425,000.
- Target annual incentive bonus is 75% of base salary.
- Initial grant of 1,450,000 performance-based restricted shares.
- Performance shares vest based on stock price milestones and service.
- Service condition for 950,000 shares satisfied after one year.
- Service condition for 500,000 shares satisfied after two years.
- Potential $1 million Transaction Bonus upon Change in Control.
- Severance includes 50% base salary and target bonus for termination without cause.
Price Impact
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