Velo3D names new CFO with $380K salary
Velo3D, Inc. appointed James Suva as its Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026.
Rhea-AI Filing Summary
Velo3D, Inc. appointed James Suva as its Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026. In connection with this role, he entered into an offer letter with the company effective March 5, 2026.
Under the offer, Mr. Suva will receive an annual base salary of $380,000, with a target bonus for fiscal 2026 equal to 70% of his base salary. The board’s Compensation Committee also approved a grant of 135,000 restricted stock units (RSUs) under the 2021 Equity Incentive Plan, with a grant date of April 6, 2026.
These RSUs vest over time: 25% vest on May 15, 2027, and 1/16th of the RSUs vest on each Quarterly Vest Date (February 15, May 15, August 15 and November 15) thereafter, subject to continued service. The employment term is at-will and includes customary confidentiality covenants.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CFO base salary: $380,000 per year
Target bonus percentage: 70% of base salary
RSU grant size: 135,000 RSUs
+2 more
5 metrics
CFO base salary
$380,000 per year
Annual base salary for James Suva as CFO
Target bonus percentage
70% of base salary
Target bonus for fiscal 2026
RSU grant size
135,000 RSUs
Equity grant under 2021 Equity Incentive Plan
Initial RSU vesting
25% of RSUs
Vesting on May 15, 2027
Ongoing RSU vesting rate
1/16th of RSUs
Vest on each Quarterly Vest Date after May 15, 2027
Key Terms
restricted stock units, 2021 Equity Incentive Plan, Quarterly Vest Date, at-will, +1 more
5 terms
restricted stock units financial
"The Compensation Committee of the Board approved a grant to Mr. Suva of 135,000 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"restricted stock units (“RSUs”) pursuant to the Company’s 2021 Equity Incentive Plan"
Quarterly Vest Date financial
"1/16th of the RSUs will vest on each Quarterly Vest Date (as defined below) thereafter"
at-will financial
"The Offer Letter provides for a term that is at-will, with termination at the election of either party."
restrictive covenants financial
"The Offer Letter also contains customary restrictive covenants in favor of the Company relating to confidentiality."
Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive change did Velo3D (VELO) disclose in this 8-K?
Velo3D disclosed that James Suva has been appointed Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026. The filing outlines his compensation terms, equity grant, and key employment conditions under a newly executed offer letter.
What is James Suva’s base salary as Velo3D (VELO) CFO?
James Suva will receive an annual base salary of $380,000 as Velo3D’s Chief Financial Officer. This salary forms the foundation for his cash compensation and is complemented by a performance-based target bonus and an equity grant of restricted stock units.
How is Velo3D (VELO) structuring the CFO’s bonus opportunity for 2026?
For fiscal 2026, James Suva’s target bonus is set at 70% of his $380,000 base salary. This structure ties a significant portion of his cash compensation to performance, aligning his incentives with the company’s financial and operational results during the year.
What equity compensation is Velo3D (VELO) granting to its new CFO?
Velo3D is granting James Suva 135,000 restricted stock units under its 2021 Equity Incentive Plan, with a grant date of April 6, 2026. These RSUs vest over time based on a schedule tied to specific future vesting dates and continued service.
How do the Velo3D (VELO) CFO RSUs vest over time?
Of the 135,000 RSUs, 25% will vest on May 15, 2027. The remaining units vest in 1/16th increments on Quarterly Vest Dates—February 15, May 15, August 15 and November 15—subject to the terms of the RSU agreement and continued service.
Is the new Velo3D (VELO) CFO’s employment agreement fixed-term or at-will?
The offer letter with James Suva provides for at-will employment, allowing either Velo3D or Mr. Suva to terminate the relationship at their election. It also includes customary restrictive covenants in favor of the company related to confidentiality obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
