Synlogic (SYBX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Synlogic, Inc. is parting ways with two top executives, President and CEO Aoife Brennan and COO Antoine Awad, with their employment ending in March and May 2024, respectively. They have both reached separation agreements involving lump-sum payments equating to their base salaries—$628,305 for Brennan and $218,856 for Awad—and the potential for prorated bonuses for the year 2024, at the company’s discretion. The agreements also include continued health insurance coverage for a period post-departure. These strategic moves could signal significant changes within Synlogic’s leadership and direction, stirring interest among investors tracking executive shifts.
For further insights into SYBX stock, check out TipRanks’ Stock Analysis page.