leadership
confidence high
sentiment neutral
materiality 0.60
Quest Diagnostics CFO Mark Guinan to retire in 2022; special equity grant to senior VP for succession
QUEST DIAGNOSTICS INC
- CFO Mark Guinan received annual equity grant of $1.12M, half of 2021 grant, with accelerated vesting upon retirement.
- Carrie Eglinton Manner received special grant of $1.94M (50% performance shares, 50% RSUs) to promote succession and revenue growth.
- Performance shares vest based on CAGR of revenue in Diagnostic Information Services, excluding COVID-19 and post-January 2022 acquisitions.
- Both grants cliff vest on third anniversary; no accelerated vesting for qualifying retirement for Manner's grant.