Management ChangeJul 24, 2026, 04:32 PM
N-able Officer Colletti Departs; Receives Separation Package
AI Summary
N-able announced the departure of an officer, Mr. Colletti, who entered into a separation agreement with the company's indirect subsidiary, N-able Solutions ULC. While his duties ceased on July 9, 2026, his employment will continue through February 28, 2027. The agreement includes continued salary and benefits, a CAN$373,375 lump sum payment, a CAN$304,500 annual target bonus, and extended health benefits. He also remains eligible for equity compensation and certain change in control benefits.
Key Highlights
- Mr. Colletti's employment with N-able Solutions ULC will continue through February 28, 2027 (Deferred End Date).
- His duties were released effective July 9, 2026.
- He will receive continued base salary and employee benefits through the Deferred End Date.
- A lump sum payment of CAN$373,375 will be paid following the Deferred End Date.
- A lump sum payment of CAN$304,500, representing his annual target bonus, is payable by October 31, 2026.
- Health and dental benefits will continue until January 9, 2028, or until he commences other employment.
- He remains eligible for equity compensation programs through the Deferred End Date.
- Entitled to change in control consideration if effective on or before December 31, 2026.
Price Impact
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