Virgin Galactic boosts CFO severance 50% in change-of-control scenarios

Filed April 21, 2026 · Period ending April 21, 2026 · ~1 min read

Key Changes

• medium

  CFO Douglas Ahrens' severance multiplier increased from 1.0x to 1.5x base compensation if terminated within 24 months of a change in control, raising acquisition-related costs.

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• low

  Both CFO and Chief People Officer Aparna Chitale now receive 18 months of company-paid healthcare (up from 12 months) upon qualifying termination following change in control.

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• low

  Executives entitled to receive any earned but unpaid annual bonus from prior year upon qualifying termination, ensuring payment of already-earned compensation.

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