Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 645

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 645
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 |        |   | ​ |
| Christopher Posner      | ​ | ​ | ​                                                | ​ | 35,833 | ​ | ​ |
| Ryan Maynard            | ​ | ​ | ​                                                | ​ | 12,917 | ​ | ​ |
| Scott Terrillion        | ​ | ​ | ​                                                | ​ | 12,917 | ​ | ​ |

(1) The number of shares subject to the options as set forth in the table above give effect to a one-for-12 reverse stock split of Cara’s common stock, which was effected in December 2024. Employment Agreements with Cara’s Named Executive Officers Christopher Posner Cara is party to an executive employment agreement with Mr. Posner that was entered into in October 2021. The agreement provides for an initial annual base salary and target bonus. Mr. Posner’s salary and target bonus for 2024 are discussed above. The employment agreement also provides for participation in Cara’s employee benefit plans and programs, and reimbursement for reasonable business expenses in accordance with Cara’s standard expense reimbursement policy. Ryan Maynard Under Ryan Maynard’s offer letter entered into in August 2022, Mr. Maynard serves as Cara’s Chief Financial Officer. Mr. Maynard’s salary and target bonus for 2024 are discussed above. Mr. Maynard is also eligible to participate in Cara’s employee benefit plans and programs, and to receive reimbursement for reasonable business expenses in accordance with Cara’s standard expense reimbursement policy. Scott Terrillion Under an offer letter entered into in October 2016, Mr. Terrillion serves as Cara’s General Counsel. Mr. Terrillion’s salary and target bonus for 2024 are discussed above. In addition to the salary and bonus, Mr. Terrillion is also eligible to participate in Cara’s employee benefits plans and programs, and to receive reimbursement for reasonable business expenses in accordance with Cara’s standard expense reimbursement policy. Severance and Change in Control Benefits Cara has entered into participation agreements with each of Mr. Maynard and Mr. Terrillion with respect to the Severance Plan that Cara’s Board approved in October 2021 upon the recommendation of the Compensation Committee (Severance Plan). The Severance Plan provides for certain severance benefits for each employee of Cara who (i) is the Chief Executive Officer or has been designated by the Cara Board or Compensation Committee to participate in the Severance Plan, (ii) has executed Cara’s standard confidentially and inventions assignment agreement, and (iii) has timely and properly executed