other material
confidence high
sentiment neutral
materiality 0.30
Ryan Specialty Group adopts Executive Severance Plan for named executive officers
RYAN SPECIALTY HOLDINGS, INC.
- Severance plan covers named executive officers; effective Dec 31, 2021.
- Grade 13 (CEO/President): 1.5x base salary + target bonus on qualified termination; 2.0x on change-in-control.
- Grade 12 execs: 1.0x base salary + target bonus on qualified termination; 2.0x on change-in-control.
- Benefits include prorated annual bonus and health/welfare coverage lump sum (18 months for grade 13, 12 months for grade 12).
- Severance conditioned on non-competition and non-solicitation covenants; excise tax reduction provision included.