On June 27, 2022, Momentive Global Inc. (the “Company”) appointed Cherie Buntyn as its Vice President and Chief Accounting Officer. Ms. Buntyn will replace Justin Coulombe as Chief Accounting Officer, who had been serving as Chief Accounting Officer (in addition to his role as Chief Financial Officer) since August 2021. Ms. Buntyn, age 46, has served as Corporate Controller at Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated (“Teledyne”), an appliances, electrical and electronics manufacturing company, since May 2021.
Prior to that, Ms. Buntyn served as Assistant Corporate Controller of FLIR Systems Inc., which was acquired by Teledyne in May 2021, since December 2017. Prior to her time at FLIR Systems Inc., Ms. Buntyn held various finance roles at Intel Corporation from October 2000 to November 2017, and served as a Senior Auditor at Deloitte from August 1997 to September 2000. She holds a B.S. in Accounting from Santa Clara University and is a certified public accountant in the state of Oregon.
In connection with Ms. Buntyn's appointment, the Company and Ms. Buntyn entered into an offer letter agreement (the “Offer Letter”) which provides that as Vice President and Chief Accounting Officer, she will receive an annual base salary of $300,000 and an annual target incentive bonus under the Company's Incentive Bonus Compensation Plan of 35% of her base salary, pro-rated for the current fiscal year. The Offer Letter also provides for a grant of restricted stock units (“RSUs”) with an aggregate value of approximately $1,200,000, which will vest over a four-year period, with one quarter of the RSUs vesting on the first anniversary of the vesting commencement date (anticipated to be May 2023) and the remaining shares vesting ratably over the following three years on successive quarterly vesting dates. Vesting of the RSUs are subject to Ms. Buntyn's continued service with the Company through each applicable vesting date and are subject to the terms and conditions of the Company's 2018 Equity Incentive Plan, as amended, and the related form of equity agreement.
Additionally, Ms. Buntyn has entered into the Company's standard form of Change of Control and Severance Agreement (“Severance Agreement”), which provides that upon a termination of her employment without cause or resignation for good reason (as defined in the Severance Agreement) 90 days prior to or 12 months following a change in control, then Ms. Buntyn will be entitled to acceleration of vesting of 50% of all outstanding equity awards.