Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 122

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 122
---
inity Holdings, LLC,

respectively, experiences a change in control (as defined in the applicable award agreement pursuant to which the

Incentive Units were granted), 100% of such Accelsius Incentive Units or Refinity Incentive Units, as applicable, to

the extent not yet vested, will vest.

Director Compensation

Bill Haskell, David Yablunosky, Mike Otworth, Suzanne Niemeyer, James Donnally, Bruce Brown, Elizabeth

Williams, Daniel Hennessy, and Michael Amalfitano served on the Innventure Board during 2024.

Non-Management Director Compensation Policy

In 2024, our Board adopted the Innventure, Inc. Non-Management Director Compensation Plan (the “Director

Compensation Plan”). The Director Compensation Plan is intended to allow us to attract and retain qualified

individuals to serve on our Board and align their interests with those of our stockholders. The Director

Compensation Plan is generally administered by the Compensation Committee. The Director Compensation Plan

provides for the following cash retainers and equity awards under the 2024 Plan:

• Initial Equity Grant : Each non-management director that became a member of our Board as of the Closing

Date and who was still serving on our Board on the third business day following the effective date of the

Director Compensation Plan received RSUs with a targeted value of $90,000 on such date, in respect of

their service from the Closing and the date of the Company’s first annual meeting of stockholders. Such

RSUs will generally vest on the date of this year’s annual meeting, subject to each non-management

director providing service on our Board through such date.

• Quarterly cash retainer : Each non-management director will receive an annual cash retainer fee of

$80,000, paid in arrears on a quarterly basis. The annual cash retainer fee will be prorated in the event that a

non-management director serves on our Board for a portion of any calendar quarter.

• Annual equity retainer : On the date of each of our regularly scheduled annual meetings of stockholders,

each non-management director will receive a grant of RSUs with a targeted value of $120,000, which will

generally vest on the earlier of (i) the first anniversary of the grant date and (ii) the next annual meeting of

stockholders that occurs following the grant date, subject to each non-management director providing

service on our Board on such vesting date. If