SITE Centers extends CEO David R. Lukes contract to March 2025, details post-spin Curbline pay

SITE Centers Corp.

New employment agreement with CEO David R. Lukes extends current term to earlier of March 11, 2025 or spin-off completion.
Post-spin, Lukes moves to Curbline with $50k base salary and $2.7M time-based LTIP unit grant.
Annual cash incentive targets at Curbline: $500k threshold, $1M target, $2M maximum.
One-time performance LTIP award target $7.2M, vesting based on TSR and other metrics over ~5 years.
Severance: 2x ($800k plus avg bonus) for non-CIC; 3x for change-in-control within 2 years.

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