Company: ARVN
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001655759-25-000075
Chunk: 64

Company: ARVINAS, INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 64
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 served as Chief Financial Officer until February 29, 2024.

Employment Agreements with our Named Executive Officers

We have entered into written employment agreements, offer letters or promotional letters, with each of our named executive officers, which we collectively refer to as the employment arrangements. These agreements set forth the terms of the executive officer’s compensation, including his or her base salary and annual performance bonus opportunity. In addition, the employment arrangements provide that subject to eligibility requirements under the plan documents governing such programs and our policies, these executive officers are eligible, on the same basis as other employees of the company to participate in company-sponsored medical, vision and dental benefit programs. Each executive officer will also be eligible to receive equity awards at such times and on such terms and conditions as the compensation committee or board of directors, as appropriate, may determine.

Pursuant to their respective agreements, as may be subsequently modified by our board of directors, each of our currently serving named executive officers is entitled to an annual base salary, effective as of January 1, 2025, as follows: Dr. Houston is entitled to receive an annual base salary of $706,236; Dr. Berkowitz is entitled to receive an annual base salary of $552,387; Dr. Cacace is entitled to receive an annual base salary of $500,763; Mr. Saik is entitled to receive an annual base salary of $542,063; and Dr. Taylor is entitled to receive an annual base salary of $258,125. Dr. Teel, ceased being an executive officer in June 2024 when Mr. Saik was appointed as principal financial officer. Dr. Teel was entitled to receive an annual base salary of $485,000 effective as of April 21, 2024, when he was named Chief Business Officer. In 2024, prior to h is departure, Mr. Cassidy was entitled to receive an annual base salary of $479,042. Each executive officer’s base salary is reviewed by our compensation committee and the board of directors on an annual or more frequent basis and is subject to change in the discretion of our board of directors or compensation committee.

Under their respective employment arrangements, each of our named executive officers is also eligible to earn an annual performance bonus, with a target bonus amount equal to a specified percentage of such officer’s annual base salary, based upon the board of director’s assessment of the executive’s performance and our attainment of targeted goals as set by the board of directors in its sole discretion. The bonus