other material
confidence high
sentiment neutral
materiality 0.45
SITE Centers enters new employment agreements with CFO Fennerty and CIO Cattonar through Sept 2026
SITE Centers Corp.
- Base salary at least $600K (Fennerty) and $500K (Cattonar); annual bonus target 100% of base.
- Initial equity grants: $400K in ratable RSUs (4-yr vest) and $600K in cliff RSUs (5-yr vest).
- Annual equity awards in 2024-2026: RSUs ($250K/$150K) and PRSUs ($600K target per year).
- Non-change-in-control severance: 1.5x base + average bonus; change-in-control: 2.5x base + average bonus.
- Agreements effective Sept 15, 2023, supersede prior contracts; term ends Sept 30, 2026.