The latest announcement is out from 374Water (SCWO).
374Water Inc. has appointed Christian Gannon as its new President and CEO, effective April 22, 2024, with an initial salary of $450,000 and eligibility for performance bonuses and equity awards. Gannon’s compensation includes a potential 125% bonus of his base salary and up to 2,250,000 restricted stock units and 5,250,000 options, with specific vesting conditions based on time and performance milestones. In case of termination under specified conditions, Gannon is entitled to severance benefits, including salary continuation and pro-rated bonuses. The company’s press release on April 23, 2024, details the appointment.
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