Spire Global 2024 Compensation Award Letter to Employee
This letter from Spire Global, Inc. confirms an employee's 2024 compensation package, including a new base salary effective September 1, 2024, a grant of restricted stock units vesting quarterly over two years, and eligibility for a performance bonus based on company results. The equity award is governed by Spire's 2021 Equity Incentive Plan. All other employment terms remain unchanged. The letter is signed by Peter Platzer and expresses appreciation for the employee's contributions.
Exhibit 10.23
Confidential Memo
To: | Name |
From: |
Peter Platzer |
Date: |
Date |
Re: |
2024 Cash & Equity Awards |
My sincere thanks to you for everything you did to make 2023 a successful year for Spire! I am very proud of our achievements as a team and your personal commitment to our company’s culture and performance has made a real impact. As a result, I would like to congratulate you by confirming your 2024 base salary, bonus target and equity award.
Base Salary - 2024
We worked with an outside consulting firm to analyze your personal compensation against a set of equivalent peer-level publicly held companies. During that review, a decision was made to adjust your current base salary.
Your new annual base salary is: XXX USD, which will be effective on September 1, 2024 (aligned with the effective date for all other Spire employees).
Equity Award - 2024
We have also recommended to the Compensation Committee that you receive a Refresh Grant of Restricted Stock Units. And I am pleased to inform you that the following equity award has been approved: