What changed
Klinger will continue as Chief Legal Officer until March 31, 2027, then resign all officer positions and receive severance of $1,628,300 paid biweekly over twelve months, equal to twelve months of base salary plus her current annual target bonus. She remains eligible for a 2026 bonus based on her target multiplied by the corporate performance factor, and Moderna will pay her COBRA premiums until September 30, 2028. She may also receive $2,500,000 if Moderna prevails in litigation with Arbutus Biopharma and Genevant Sciences, and up to $5,500,000 tied to the outcome of litigation with Pfizer, BioNTech SE and related parties.
Why it matters
Klinger will continue as Chief Legal Officer until March 31, 2027, then resign all officer positions and receive severance of $1,628,300 paid biweekly over twelve months, equal to twelve months of bas