Leadership & Pay ·
Net Power amends COO stock option terms to extend exercise period after termination
NPWR-WTNet Power Inc.
The Board approved an amendment to the stock option agreement held by President and COO Marc Horstman, extending post-termination exercise rights. Under the new terms, options continue to vest on their original schedule if terminated other than for cause, allowing exercise until expiration; resignation extends the exercise window to 90 days. The amendment applies to time-vesting options under the 2023 Omnibus Incentive Plan and does not alter share counts, exercise prices, or vesting schedules. Net Power Inc. develops and licenses advanced power generation technology based on supercritical CO2 cycles.