Published on December 30th, 2022 📆 | 1595 Views ⚑
0SARCOS TECHNOLOGY & ROBOTICS CORP : Change in Directors or Principal Officers, Other Events (form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
to the Company's Executive Chairman,
result of clerical errors by the Company in the calculation of applicable
federal tax withholding obligations in connection with the vesting of
Wolff's
gross-up of
withheld to cover the applicable withholding taxes upon vesting than should have
been the case. The shares that would otherwise have been withheld in June and
Wolff's
between the value of those shares at the time of withholding and the time that
they should have been withheld (grossed-up) and was paid in a lump sum on
authorities in accordance with the Company's normal payroll processes.
Item 8.01. Other Events
On
waive any and all rights to receive future equity compensation under the terms
of the Amended and Restated Employment Agreement (the "Employment Agreement"),
dated as of
a wholly-owned subsidiary of the Company. The Employment Agreement provides that
stock units with a target value of approximately
or arrangements the Company may have in effect from time to time.
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