Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 239

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 239
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 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, the Company’s compensation committee determines its executive officers’ compensation in accordance with the terms of its written charter, and will review and discuss management’s proposed compensation with its chief executive officer for all executives other than its chief executive officer. Annual Base Salary Base salaries for Legacy Tvardi’s named executive officers were initially established through arm’s-length negotiations at the time of the executive officer’s hiring, taking into account such executive officer’s qualifications, experience, the scope of such executive officer’s responsibilities and competitive market compensation paid by other companies for similar positions within the industry and geography. Base salaries were reviewed periodically, typically in connection with the board of directors’ annual review process, and adjusted from time to time to realign salaries with market levels after taking into account individual responsibilities, performance, experience and adjustments to reflect cost of living increases. The 2024 annual base salaries for Legacy Tvardi’s named executive officers are set forth in the table below:

| ​                      | ​ |       Base |
| Name                   |   | Salary ($) |
| Imran Alibhai, Ph.D.   | ​ |    551,050 |
| John Kauh, M.D.        |   |    412,000 |
| Dan Conn, J.D., M.B.A. |   |    381,100