[8-K] Vera Therapeutics, Inc. Reports Material Event
Rhea-AI Filing Summary
Vera Therapeutics, Inc. announced that its board of directors has appointed James R. Meyers as a Class II director, effective immediately. His initial term will run until the company’s 2026 annual meeting of stockholders, and he has also been appointed to the board’s Audit Committee.
Upon joining the board, Mr. Meyers received a nonstatutory stock option to purchase 25,000 shares of Class A common stock, vesting monthly over three years under the company’s non-employee director compensation policy. He will receive an annual cash retainer of $40,000 for board service and $10,000 for Audit Committee service, pro-rated for 2025. Beginning with the 2026 annual meeting, he will be eligible for an annual option grant for up to the lesser of 14,000 shares or options with a grant date fair value of not more than $400,000, subject to standard vesting tied to continued service.
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FAQ
What change to Vera Therapeutics (VERA) board was disclosed?
Vera Therapeutics disclosed that James R. Meyers was appointed to its board of directors as a Class II director, effective immediately, with an initial term expiring at the 2026 annual meeting of stockholders.
What committee role will James R. Meyers hold at Vera Therapeutics (VERA)?
James R. Meyers has been appointed to the Audit Committee of the board, effective as of his appointment as a director.
What equity compensation did James R. Meyers receive from Vera Therapeutics?
Contingent upon and effective as of his appointment, James R. Meyers received a nonstatutory stock option to purchase 25,000 shares of Vera Therapeutics’ Class A common stock, vesting monthly over three years, subject to his continuous service.
What cash compensation will James R. Meyers receive for serving on Vera Therapeutics’ board?
Under the company’s director compensation policy, James R. Meyers will receive an annual cash retainer of $40,000 for board service and $10,000 for Audit Committee service, each pro-rated for 2025.
What ongoing option grants may James R. Meyers receive from Vera Therapeutics after 2026?
Beginning with the 2026 annual meeting, he will be eligible for an annual stock option grant to purchase the lesser of 14,000 shares of common stock or the number of shares with a grant date fair value of not more than $400,000, subject to vesting tied to continued service.
Are there any related party transactions involving James R. Meyers and Vera Therapeutics?
The company stated that there are no related person transactions between James R. Meyers and Vera Therapeutics that are required to be disclosed under Item 404(a) of Regulation S-K.