Company: NXNVW
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001554855-25-000752
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Company: NEXTNAV INC.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 Compensation Decisions Regarding Mariam Sorond for Her Services as President and Chief Executive Officer
 On June 27, 2025, the Compensation and Human Capital Committee of the Board of Directors (the “Compensation Committee”) of NextNav Inc. (the “Company”) approved adjustments to the compensation of Mariam Sorond for her services as President and Chief Executive Officer. Ms. Sorond’s annual base salary was increased to $800,000, and her annual target bonus was set at 100% of her base salary.
 In addition, on the same date, the Compensation Committee approved a grant of 295,850 stock options to Ms. Sorond. The options are subject to time-based vesting and have an exercise price of $15.07. The options are also subject to Ms. Sorond’s continued service through each applicable vesting date. One-fourth (1/4) of the options will vest on June 27, 2026, with the remaining three-fourths (3/4) vesting in substantially equal quarterly installments over the following three years.
 The Compensation Committee’s decisions were based on recent compensation benchmarking for chief executive officers for peer group companies and a determination that the adjustments were appropriate.