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Unity Software | 8-K: Unity Software Signs Transition Agreement with Carol Carpenter

SEC ·  Jun 21 04:11

Summary by Futu AI

On June 18, 2024, Unity Software Inc. announced the resignation of Carol Carpenter from her role as Senior Vice President and Chief Marketing Officer, effective June 30, 2024. Carpenter will transition to a Strategic Marketing Advisor position until her final departure on December 1, 2024. During this period, she will retain her base salary and continue to have her equity awards vest. The resignation agreement includes an extension of the post-termination exercise period for her vested stock options, a lump sum equivalent to twenty-six weeks of her base salary, a pro-rata portion of her target bonus for 2024, and a payment covering six months of healthcare continuation costs. These benefits are contingent upon Carpenter not resigning or being terminated for cause before the resignation date. The agreement was filed with the SEC as part of Unity Software's Form 8-K report.
On June 18, 2024, Unity Software Inc. announced the resignation of Carol Carpenter from her role as Senior Vice President and Chief Marketing Officer, effective June 30, 2024. Carpenter will transition to a Strategic Marketing Advisor position until her final departure on December 1, 2024. During this period, she will retain her base salary and continue to have her equity awards vest. The resignation agreement includes an extension of the post-termination exercise period for her vested stock options, a lump sum equivalent to twenty-six weeks of her base salary, a pro-rata portion of her target bonus for 2024, and a payment covering six months of healthcare continuation costs. These benefits are contingent upon Carpenter not resigning or being terminated for cause before the resignation date. The agreement was filed with the SEC as part of Unity Software's Form 8-K report.

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