Xencor adopts executive severance policy with 15-month base pay and enhanced change-in-control terms

Filed April 27, 2026 · Period ending April 23, 2026 · ~1 min read

Key Changes

• high

  Executives receive 15 months base salary plus health coverage if terminated without cause or resign for good reason; enhanced to include 15 months target bonus and full equity acceleration if termination occurs within change-in-control window (3 months before through 12 months after).

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Policy covers named executive officers except the CEO; executives must sign participation agreements and release of claims to receive benefits.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →