ADC granted one-time retention awards to CEO Ameet Mallik, CFO Jose Carmona and CMO Mohamed Zaki, including cash and RSU components with specified vesting and repayment terms.
| IndividualAmeet MallikJose CarmonaMohamed Zaki | RoleChief Executive OfficerChief Financial OfficerChief Medical Officer | Type of ChangeRetention award grantedRetention award grantedRetention award granted | Effective DateJune 30, 2026 (RSUs); cash paid on or about July 15, 2026June 30, 2026 (RSUs); cash paid on or about July 15, 2026June 30, 2026 (RSUs); cash paid on or about July 15, 2026 | ReasonOne-time retention award approved by BoardOne-time retention award approved by BoardOne-time retention award approved by Board | Replacement InfoNot disclosedNot disclosedNot disclosed | Background DetailsCash incentive $1,795,500; RSUs 675,000; RSUs vest on earlier of June 30, 2027 or termination by Company without cause/for good reason; cash repayable if employment ends before June 30, 2027 except for specified terminationsCash incentive $541,842; RSUs 203,700; RSUs vest on earlier of June 30, 2027 or termination by Company without cause/for good reason; cash repayable if employment ends before June 30, 2027 except for specified terminationsCash incentive $568,974; RSUs 213,900; RSUs vest on earlier of June 30, 2027 or termination by Company without cause/for good reason; cash repayable if employment ends before June 30, 2027 except for specified terminations | Board/Committee Role ChangesNot disclosedNot disclosedNot disclosed |
Original SEC Filing:
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