Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 642

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 642
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 stock options granted in 2024 were not achieved and, accordingly, all of these stock options were forfeited.

(2)

Amounts reflect annual performance-based cash bonus awards earned by each applicable executive officer based on the Compensation Committee’s assessment of Cara’s performance against corporate objectives determined by the Compensation Committee which were communicated to such officer around the beginning of the fiscal year. For 2023, the annual cash incentive bonuses were based on Cara’s achievement of clinical, regulatory, financial and operational objectives. For 2024, the corporate performance objectives have not been met and, accordingly, no cash bonuses have been earned for 2024.

(3)

Amounts reflect for 2024: (a) for Mr. Posner, $10,350 for 401(k) Plan safe harbor contribution, and $729 of life insurance premiums; (b) for Mr. Maynard $10,350 for 401(k) Plan safe harbor contribution, and $729 in life insurance premiums, and (c) for Mr. Terrillion, $10,350 for 401(k) Plan safe harbor contribution, and $867 of life insurance premiums.

(4)

Mr. Terrillion was not a named executive officer for 2023 and, accordingly, compensation information for Mr. Terrillion for 2023 is not included in the summary compensation table.

**Narrative Disclosure to 2024 Summary Compensation Table**

#### Executive Compensation Elements
The primary elements of Cara’s executive compensation program for 2024 were:

•

base salary;

•

annual performance-based cash compensation;

•

equity incentive awards; and

•

severance and change in control benefits.

In addition to these primary elements of executive compensation, Cara also offers its executive officers broad-based health and welfare benefits and 401(k) plan benefits consistent with the benefits Cara provides to its other full-time, salaried employees.

Base Salary

Base salary represents the fixed portion of the compensation of Cara’s executive officers, including Cara’s named executive officers, and is an important element of compensation intended to attract and retain highly-talented individuals. The purpose of base salary is to provide compensation at a level consistent with competitive practices, reflective of the role, responsibilities, skills, experience and performance of Cara’s executive officers. The Compensation Committee’s decisions on base salary levels for the named executive officers are primarily based on its review of competitive market information for comparable positions, the executive’s performance of his or her duties, criticality of the executive’s role to the execution of Cara’s corporate goals and