Company: MYGN
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000899923-25-000028
Chunk: 59

Company: MYRIAD GENETICS INC
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 59
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ey, Ph.D.                    
 Chief Scientific Officer              |     |                                  16,016 |     |            10,622 |     | 66%                 |

Other Compensation Initial Equity Awards . Executive officers are often granted equity in the form of restricted stock unit awards when he or she joins us. The amount of the initial restricted stock unit award is determined based on the executive officer’s position and analysis of the competitive practices of the companies similar in size as represented in the compensation data that we review with the goal of creating a total compensation package for new executive officers that is competitive with other similar companies and that will enable us to attract high quality management personnel. Generally, each initial equity award vests in equal portions on an annual basis over four years. On January 29, 2024, Mr. Leffler received an initial equity award of 117,770 RSUs, which vest in four equal annual installments beginning on the first anniversary of the grant date. Benefits; Other Compensation . We maintain broad-based benefits that are provided to all employees, including health and dental insurance, life and disability insurance, and a 401(k) plan. Additionally, we may provide other benefits to new executive officers such as a relocation package or other related compensation as determined on a case-by-case basis. For example, during the 2024 fiscal year, Mr. Diaz received paid commuting expenses of $15,271. During fiscal year 2024, Mr. Riggsbee received paid commuting expenses of $1,535 and, pursuant to Mr. Riggsbee's separation agreement, which is described in more detail below, $22,089 in COBRA premium payments. Mr. Riggsbee also received $21,709 in consulting fees under the Riggsbee Separation Agreement (as defined below). Separation Payments . We may provide certain compensation benefits in connection with the retirement or departure of our executive officers based on their accomplishments and tenure of employment with us and as consideration for them agreeing to a customary release of claims and certain restrictive covenants. For example, on December 15, 2023, in connection with Mr. Riggsbee's resignation from his position as Chief Financial Officer, effective as of January 29, 2024, we entered into a Separation and Consulting Agreement and Release of Claims with Mr. Riggsbee (the "Riggsbee Separation Agreement"). Under the Riggsbee Separation Agreement, Mr. Riggsbee received certain compensation and other benefits in consideration for, among other things,