AST SpaceMobile, Inc. entered into a new executive employment agreement with Andrew M. Johnson, its Executive Vice President, Chief Financial Officer, and Chief Legal Officer, on October 14, 2026. The agreement, filed with the U.S. Securities and Exchange Commission, supersedes Johnson's prior contract and outlines a three-year initial term with automatic one-year renewals unless either party provides 30 days' notice of non-renewal.
The filing details the compensation structure for the satellite communications firm's top financial officer. Johnson is entitled to an annual base salary of not less than $250,000, which remains subject to annual review by the Board of Directors' Compensation Committee. He is also eligible for an annual performance bonus determined by the Board or a designated committee in its sole discretion. Additionally, the agreement grants him access to equity incentives in the form of time-based and performance-based restricted stock units, with terms set by the Compensation Committee under the company's 2024 Incentive Award Plan.
The document specifies severance protections should Johnson's employment end under specific conditions. If the company terminates him without Cause, if he resigns for Good Reason, or if the company chooses not to renew his term, Johnson is entitled to continued base salary payments for 12 months. These conditions apply subject to his execution of a release of claims and continued compliance with restrictive covenants. The severance package also includes any annual bonus earned for the year of termination, Company-subsidized COBRA continuation coverage for up to 12 months, and accelerated vesting of restricted stock units scheduled to vest within the 12 months following termination. This accelerated vesting includes performance-based units for which performance has been certified.
AST SpaceMobile and its subsidiary AST & Science, LLC signed the agreement, which was reported on Form 8-K dated October 14, 2026. The filing was signed by Andrew M. Johnson on October 20, 2026. Johnson remains bound by a previously executed Confidentiality, Invention Assignment and Non-Competition Agreement that includes confidentiality, invention assignment, and non-competition covenants. He is also classified as an "Eligible Employee" under the company's Senior Management Change of Control Severance Policy, which provides specific benefits upon terminations connected to a change in corporate control.