Company: SATLW
Filing Date: 2025-10-21
Form Type: DEF 14A
Source: 0001437749-25-031429
Chunk: 45

Company: Satellogic Inc.
Filing Date: 2025-10-21
Form: DEF 14A
Chunk 45
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man Offer Letter”). The Tirman Offer Letter includes (i) an annual base salary of $420,000 currently, (ii) a discretionary change in control bonus and severance benefits as described in the section below entitled “Potential Payments upon Termination or Change in Control,” (iii) eligibility to receive an annual grant of RSUs having a target value of $420,000 per year (target value set by the Compensation Committee on June 7, 2024) and vesting at a rate of 6.25% per quarter, subject to Board approval, (iv) reimbursement of relocation expenses as detailed in the Summary Compensation Table above and (v) eligibility to participate in the Company employee benefits plans. In addition, pursuant to the Non-Disclosure Agreement, dated December 2, 2020, by and between Mr. Tirman and the Company, Mr. Tirman is subject to confidentiality provisions and non-solicitation restrictive covenants for a period following the termination of his employment.

2025 Executive Compensation Decisions

In June 2025, the Compensation Committee approved 2025 base salaries, target annual incentive awards and long-term equity award grants for each of the NEOs for Fiscal 2025 as follows:

Mr. Kargieman’s base salary was set at $470,000, he is eligible for a target bonus equal to $225,000 and he received a grant of 423,729 RSUs, which vest in equal quarterly installments from September 20, 2025 to June 20, 2029.

Mr. Tirman’s base salary was set at $420,000, he is eligible for a target bonus equal to $187,500 and he received a grant of 169,492 RSUs, which vest in equal quarterly installments from September 20, 2025 to June 20, 2029.

Mr. Dunn’s base salary was set at $461,500, he is eligible for a target bonus equal to $187,500 and he received a grant of 169,492 RSUs, which vest in equal quarterly installments from September 20, 2025 to June 20, 2029.

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Potential Payments upon Termination or Change of Control

The Dunn Offer Letter and the Tirman Offer Letter also provide that upon a termination of employment with the Company in which both the executive and the Company agree in writing, it is intended that the executive would receive six months of base salary