other material
confidence high
sentiment neutral
materiality 0.30
F.N.B. Corporation amends CCO Guerrieri's employment agreement; double-trigger change-of-control
FNB CORP/PA/
- Gary L. Guerrieri, Chief Credit Officer, entered into amended employment agreement effective Nov 30, 2023.
- Base salary set at $509,000 annually; eligible for performance-based annual bonus.
- Termination without cause triggers 24 months base salary, 2x average annual bonus, and COBRA for up to 24 months.
- Change-of-control provision changed from single-trigger to double-trigger, aligning with other named executive officers.
- Initial term of 2 years with automatic 1-year extensions unless 30 days' notice given.