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An announcement from iRobot (IRBT) is now available.
Glen Weinstein has taken the helm at iRobot Corporation as the Interim CEO, with a compensation package that includes a monthly salary and bonus of approximately $63,333 each, plus a $1.2 million equity award that vests after a year. Should his tenure come to an early end, Weinstein is ensured a severance of $430,000 and the acceleration of his equity award’s vesting, along with additional benefits from other equity awards. This move marks a significant leadership change at iRobot, with financial implications for the company and its new interim executive.
For a thorough assessment of IRBT stock, go to TipRanks’ Stock Analysis page.
