NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Take a look at the hirings for both Kevin Duffy and Jean Davis.

Both were PR'd. Neither PR talks about compensation.

There was no 8-K filing for Duffy, which is reasonable as he was not an officer level hire.

Davis was initially hired as CFO, which did merit an 8-K filing. That is where her compensation and options were first shown. It notes that the options vest on mutually agreed milestones. The subsequent proxy notes 643,055 currently exercisable. She is no longer shown on the 2021 proxy as she is no longer CEO/Officer.

My take:

There is no public record as to whether Duffy received options, although it would certainly be appropriate for his level. Even if he was granted vestable options, he did not stay long enough for meaningful vesting.

If Duffy did wind up with any nwbo securities, any prospective employer that found that problematic could just require him to exercise/sell as a condition of employment. Not a big deal.