Rocket Lab CEO Peter Beck cuts salary to $1 and forfeits 392,155 unvested RSUs
Rocket Lab amended the employment agreement of Chairman and CEO Sir Peter Beck, who voluntarily agreed to reduce his base salary to $1.00 or the New Zealand statutory minimum and waived any annual bonus entitlement. He also cancelled all unvested RSUs, covering 392,155 shares of common stock, and the company said the freed-up compensation will be redirected to company priorities and R&D.
Key points
- Base salary reduced to $1.00 or the New Zealand statutory minimum, per the Beck Agreement Amendment dated March 30, 2026
- Beck waived any expectation of or entitlement to an annual bonus or Target Annual Bonus amount
- Unvested RSUs representing 392,155 shares of common stock voluntarily forfeited and cancelled under an RSU cancellation agreement
- Filing says the capital previously allocated for this compensation will be redirected toward Company priorities and strategic R&D initiatives
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.