leadership
confidence high
sentiment neutral
materiality 0.55
SITE Centers transfers NEO employment to Curbline TRS ahead of spin-off; roles and equity compensation modified
SITE Centers Corp.
- Effective Sept 1, 2024, NEOs Lukes, Fennerty, Cattonar assigned to Curbline TRS in preparation for spin-off.
- Lukes remains SITE CEO post-spin; Fennerty to cease as SITE CFO, become Curbline CFO; Cattonar remains SITE CIO, becomes Curbline CIO.
- Fennerty & Cattonar equity awards shift to October LTIP unit/restricted stock grants with 37-month performance period.
- 2024 annual cash incentive split pro-rata between SITE Centers and Curbline based on spin-off date.