Corporate GovernanceJul 1, 2026, 04:13 PM
SeaStar Medical Approves Retention Bonuses for Schlorff, Chung
AI Summary
SeaStar Medical Holding Corporation's Compensation Committee approved retention bonuses for executives Eric Schlorff and Kevin Chung. The bonuses, totaling $200,000 for Schlorff and $140,000 for Chung, will vest in three installments on July 1, 2026, November 1, 2026, and March 1, 2027. Each payment includes an additional 25% in common stock, subject to continued employment. These bonuses are part of a wider retention program for the company's long-serving employees.
Key Highlights
- SeaStar Medical approved retention bonuses for Eric Schlorff totaling $200,000.
- Eric Schlorff's bonus includes $66,666 per 1/3 payment and $16,666.50 in restricted stock per 1/3 payment.
- Kevin Chung received retention bonuses totaling $140,000.
- Kevin Chung's bonus includes $46,666 per 1/3 payment and $11,666.50 in restricted stock per 1/3 payment.
- Bonuses vest in three equal installments on July 1, 2026, November 1, 2026, and March 1, 2027.
- An additional 25% of each payment will be made in common stock based on the share price at vesting.
- The bonuses are part of a broader retention program for long-serving employees.
Price Impact
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