Company: ATRA
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059322
Chunk: 44

Company: Atara Biotherapeutics, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 44
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 easy to understand communication to our employees, as well as ease of administration.

Avoidance of Excessive Perquisites . We generally intend to avoid the payment of excessive, unusual or unnecessary perquisites to executives, although from time to time we may offer certain perquisites that are common and deemed appropriate for similarly situated executives of peer companies. In addition, we do not offer our executive team any substantially enhanced benefits or perquisites when compared with our overall employee population.

Role of the Human Capital Committee and Executive Officers

The Human Capital Committee oversees and approves all compensation arrangements for our executive officers, including our named executive officers. While the Human Capital Committee has numerous resources available to it, including input from our Board, Chief Executive Officer, outside legal counsel and independent consultants, ultimate decision-making authority rests with the Human Capital Committee. The Human Capital Committee retains discretion over base salaries, annual bonuses and equity compensation for executive officers and bases its decision on a careful review of performance as well as the competitive market environment.

The Human Capital Committee typically meets at least four times per year, with additional meetings as necessary. The Human Capital Committee met five times in 2024. The agenda for each meeting is set by the Chair of the Human Capital Committee, with consultation as appropriate with our Chief Executive Officer, Chief Legal Officer (through November 2024), Chief Financial Officer and Pearl Meyer, the Human Capital Committee’s independent compensation consultant. Members of management and Pearl Meyer may be invited to participate in meetings, but the Human Capital Committee meets regularly in executive session. Our Chief Executive Officer is often present and participates in discussions regarding compensation of our other executive officers. Executives, including our Chief Executive Officer, are not present during deliberations regarding their own performance or compensation.

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Role of Compensation Consultants

For 2024, the Human Capital Committee retained the services of Pearl Meyer to assist the Human Capital Committee in its review of executive and director compensation practices, including the market competitiveness of compensation, executive compensation design, benchmarking with industry peers and other technical considerations including those related to tax and accounting.

For 2024 compensation matters, Pearl Meyer advised and assisted with the following:

Development of a peer group to be used in the evaluation of 2024 executive and director compensation;

Documentary support, including peer group and industry data with respect to base salaries, target annual cash bonuses, and equity compensation;

A market analysis of executive officer compensation compared to our peer group, which was reviewed with the Human Capital Committee and used to guide 2024 base salary