Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 236

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 236
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 that may be received by the executive officer upon stock option exercise or any sale of the underlying shares of common stock. The performance conditions of the 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 Cara Compensation Committee’s assessment of Cara’s performance against corporate objectives determined by the Cara Compensation Committee which were communicated to such officer around the beginning of the fiscal year. For 2024, the corporate performance objectives were not met and, accordingly, no cash bonuses were 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) | The employment of each of Mr. Posner, Mr. Maynard and Mr. Terrillion was terminated upon the closing of the Merger. |

| (5) | Mr. Terrillion was not a named executive officer of Cara for 2023 and, accordingly, compensation information for Mr. Terrillion for 2023 is not included in the summary compensation table. |

Narrative to the Legacy Tvardi Summary Compensation Table Prior to the Merger, Legacy Tvardi’s board of directors reviewed compensation annually for all employees, including its named executive officers. Following the Merger, the compensation committee generally will review compensation annually for all employees, including its named executive officers, and will consider compensation for comparable positions in the market, individual

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performance as compared to its expectations and objectives, its desire to motivate its employees to achieve short- and long-term results that are in the best interests of its stockholders and a long-term commitment to its company. Prior to the Merger, Legacy Tvardi’s board of directors has historically determined its executive officers’ compensation and has typically reviewed and discussed management’s proposed compensation with its chief executive officer for all executives other than its chief executive officer. Based on those discussions and its discretion, its board of directors then approved the compensation of each executive officer. Following the Merger