Xencor adopts executive severance policy covering named executive officers
Xencor adopted an Executive Severance Policy on April 23, 2026, covering its named executive officers other than the CEO. The policy sets lump-sum and health coverage benefits on termination without cause or resignation for good reason, with larger benefits if the termination occurs during a change in control period.
Key points
- Policy adopted April 23, 2026; filed as Exhibit 10.1.
- Non-change-in-control severance: lump sum of 15 months of base salary plus up to 15 months of COBRA premiums, subject to a general release.
- Change-in-control period (three months before to 12 months after a change in control): adds 15 months of target bonus, a prorated annual bonus, and accelerated vesting of outstanding equity awards.
- NEOs must sign and return a participation agreement to be eligible.
The filing
Written by AI on Nov 8, 2026, 1:49 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 April 27, 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.