Company: SRPT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0000950170-25-058003
Chunk: 101

Company: Sarepta Therapeutics, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 101
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4, providing for Mr. Estepan’s at-will employment. Under the terms of his offer letter, Mr. Estepan was entitled to an initial annual base salary of $280,000, which amount is subject to review and adjustment based upon our performance review practices and has been subsequently increased. Mr. Estepan was eligible for a target annual bonus of up to 25% of his annual base salary (which target bonus has been subsequently increased) based upon Mr. Estepan’s achievement of Company and individual performance objectives as determined by our Chief Executive Officer and the compensation committee. Mr. Estepan was promoted to Executive Vice President, Chief Financial Officer in 2020.

Pursuant to Mr. Estepan’s offer letter, the Company reimburses Mr. Estepan’s commuting costs to and from New York and accommodations in Cambridge, MA on an as needed basis.

Mr. Estepan’s equity awards are subject to clawback under circumstances set forth in the Company’s clawback policy. Mr. Estepan’s salary, bonus and other compensation is reviewed and updated by our compensation committee on an annual basis. For the details of his 2024 salary, bonus and other compensation, see the disclosure provided under “2024 Named Executive Officer Compensation.”

Bilal Arif -- Executive Vice President, Chief Technical Operations Officer

On March 11, 2019, we hired Bilal Arif as our Vice President, Strategy & Operations. Mr. Arif was promoted to Executive Vice President, Chief Technical Operations Officer in December 2022.

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In connection with his promotion, Mr. Arif received an option to purchase 30,000 shares of common stock of the Company, where twenty-five percent of the shares of common stock underlying the option would vest and become exercisable on the first anniversary of the grant date, and 1/48th of the total granted option would vest and become exercisable on each monthly anniversary thereafter.

Mr. Arif's equity awards are subject to clawback under circumstances set forth in the Company’s clawback policy. Mr. Arif’s salary, bonus and other compensation is reviewed and updated by our compensation committee on an annual basis. For the details of his 2024 salary, bonus and other compensation, see the disclosure provided under “2024 Named Executive Officer Compensation.”

Dallan Murray – Executive Vice President, Chief Customer Officer

In October 2013, we hired Dallan Murray as our Vice