Leadership & Pay ·
Latch, Inc. adopted a retention bonus program for key executives David Lillis (CEO), Jeff Mayfield (CFO), and Priyen…
LTCHLatch, Inc.
Latch, Inc. adopted a retention bonus program for key executives David Lillis (CEO), Jeff Mayfield (CFO), and Priyen Patel (Chief Strategy and Legal Officer). The awards are valued at $250,000, $225,000, and $187,500 respectively, contingent on continued employment through December 31, 2027. Pro rata payments apply if terminated without cause or for good reason before the deadline, subject to clawback provisions. Latch, Inc. operates in the smart building technology industry, providing digital access control and IoT solutions.