MSA Safety discloses separation terms for former SVP Bob W. Leenen

MSA Safety Inc

Leenen receives six months garden leave with base salary and benefits; equity vesting through Aug 31, 2024.
After release, he gets CHF 418,626 (~$473K) in nine-month base salary equivalent.
Cash payments for forfeited PSUs: CHF 322,206 for 2022 grant and CHF 199,250 for 2023 grant.
Accrued vacation payout: CHF 36,496 (~$41K); reaffirms non-compete, non-solicit, confidentiality covenants.
Termination agreement effective Feb 28, 2024; full terms to be filed in Q1 10-Q.

item 5.02

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Departed

Bob W. Leenen

Senior Vice President and President, MSA International

MSA · MSA Safety Inc

Effective: 2024-02-28
Filed: March 5, 2024, 6:59 PM ET

In a Current Report on Form 8-K filed on February 9, 2024 (the “Prior 8-K”), MSA Safety Incorporated (the “Company”) previously reported the departure of Bob W. Leenen, Former Senior Vice President and President, MSA International.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Bob W. Leenen departed as Senior Vice President and President, MSA International at MSA Safety Inc.

Action: departed
Role: Senior Vice President and President, MSA International

Exact text from the filing

In a Current Report on Form 8-K filed on February 9, 2024 (the “Prior 8-K”), MSA Safety Incorporated (the “Company”) previously reported the departure of Bob W. Leenen, Former Senior Vice President and President, MSA International.

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Source: SEC EDGAR

accession 0000066570-24-000016

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