secwatch.observer — SEC 8-K summary
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Issuer:     RYAN SPECIALTY HOLDINGS, INC. (RYAN)
CIK:        0001849253
Form:       8-K
Filed at:   2022-03-14T23:59:59+00:00
Accession:  0000950170-22-003585
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ryan Specialty Group adopts Executive Severance Plan for named executive officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849253/000095017022003585/0000950170-22-003585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849253/000095017022003585/ryan-20220308.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-003585

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