New Aspira (AWHL) CFO gets $167K salary and 70K stock options
Rhea-AI Filing Summary
Aspira Women’s Health Inc. appointed John Strahley as Chief Financial Officer and Chief Accounting Officer, effective April 27, 2026, replacing Brian Hungerford, who stepped down for personal reasons. Strahley will work in a fractional role, committing at least twenty hours per week.
Under his Executive Employment Agreement, Strahley receives an annualized base salary of $167,000 and is eligible for the company’s 401(k) plan but not for group insurance benefits. The Board will approve stock options for 70,000 shares at fair market value on the grant date, with 25% vesting ninety days after his start date and the remainder vesting monthly over the following nine months. Any unvested options fully vest upon a Change in Control, and his at-will employment includes no severance beyond accrued obligations.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
CFO base salary: $167,000 per year
Stock options grant: 70,000 shares
Minimum weekly hours: 20 hours per week
+4 more
7 metrics
CFO base salary
$167,000 per year
Annualized base salary for John Strahley as CFO
Stock options grant
70,000 shares
Options to purchase common stock under equity incentive plan
Minimum weekly hours
20 hours per week
Fractional capacity commitment in Employment Agreement
Initial vesting milestone
25% after 90 days
Portion of options vesting ninety days after employment start
Remaining vesting period
9 months
Remaining 75% of options vest monthly over nine months
Effective CFO start date
April 27, 2026
Date Strahley becomes CFO and Chief Accounting Officer
Prior CFO agreement end date
April 26, 2026
Termination of Hungerford Consulting LLC agreement
Key Terms
fractional capacity, Executive Employment Agreement, equity incentive plan, Change in Control, +2 more
6 terms
fractional capacity financial
"Mr. Strahley will serve in a fractional capacity, devoting a minimum of twenty hours per week"
Executive Employment Agreement regulatory
"the Company entered into an Executive Employment Agreement (the "Employment Agreement") with John Strahley"
equity incentive plan financial
"options to purchase 70,000 shares of the Company's common stock under the Company's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Change in Control financial
"Upon a Change in Control of the Company, one hundred percent of any then-unvested options will accelerate"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
at-will regulatory
"Mr. Strahley's employment is at-will and may be terminated by either party at any time"
Item 404(a) of Regulation S-K regulatory
"There are no transactions in which Mr. Strahley has an interest requiring disclosure under Item 404(a) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive change did Aspira Women’s Health (AWHL) disclose?
Aspira Women’s Health appointed John Strahley as Chief Financial Officer and Chief Accounting Officer, effective April 27, 2026, replacing Brian Hungerford. Hungerford’s consulting agreement ended April 26, 2026, at the request of Hungerford Consulting LLC, with his departure described as for personal reasons.
What is the compensation package for AWHL’s new CFO John Strahley?
John Strahley will receive an annualized base salary of $167,000, paid semi-monthly. He is eligible to participate in Aspira Women’s Health’s 401(k) plan but not in its group health, dental, vision, or life insurance plans under his Executive Employment Agreement.
What stock options will AWHL grant to new CFO John Strahley?
Aspira Women’s Health’s Board will approve options for 70,000 shares of common stock for John Strahley, with an exercise price equal to fair market value on the grant date. The options are granted under the company’s equity incentive plan, subject to the described vesting schedule.
How do John Strahley’s stock options at AWHL vest over time?
Twenty-five percent of John Strahley’s 70,000 stock options vest ninety days after his employment start date. The remaining seventy-five percent vest in equal monthly installments during the following nine months, conditioned on his continued employment on each monthly vesting date.
What happens to AWHL CFO John Strahley’s options in a Change in Control?
If Aspira Women’s Health undergoes a Change in Control, one hundred percent of John Strahley’s then-unvested stock options will accelerate and become fully vested. This provision gives him immediate ownership of all outstanding options upon such a corporate transaction, as defined in the plan.
Is AWHL CFO John Strahley’s employment full-time and does he receive severance?
John Strahley serves in a fractional capacity, devoting a minimum of twenty hours per week to his CFO and Chief Accounting Officer duties. His employment is at-will and may be terminated by either party at any time, with no severance or post-termination benefits beyond accrued obligations.