Quest Diagnostics names Sam Samad as EVP & CFO, effective July 25, 2022

QUEST DIAGNOSTICS INC

Samad joins from Illumina (CFO since 2017); start date July 11, CFO role effective July 25.
Base salary $650k; target annual incentive 90% of base; initial equity grant $2.5M (50% performance shares, 25% options, 25% RSUs).
Sign-on inducement: cash payment of $1.2M (refundable if voluntary exit within 2 years) and RSUs valued at $1.5M vesting over 2 years.
Outgoing CFO Mark Guinan remains through Q2 earnings report for transition.
Samad eligible for executive severance plan, relocation benefits up to $105k, and share ownership guideline of 4x base salary.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Sam Samad

Executive Vice President and Chief Financial Officer

DGX · QUEST DIAGNOSTICS INC

Effective: 2022-07-25
Filed: June 14, 2022, 7:59 PM ET

On June 9, 2022, Quest Diagnostics Incorporated (the “Company”) announced that Sam Samad will become Executive Vice President and Chief Financial Officer of the Company.

Departed

Mark Guinan

Chief Financial Officer

DGX · QUEST DIAGNOSTICS INC

Successor: Sam Samad
Filed: June 14, 2022, 7:59 PM ET

Mr. Samad succeeds Mark Guinan, who, in February 2022, announced his decision to retire.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sam Samad was appointed as Executive Vice President and Chief Financial Officer at QUEST DIAGNOSTICS INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On June 9, 2022, Quest Diagnostics Incorporated (the “Company”) announced that Sam Samad will become Executive Vice President and Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Guinan departed as Chief Financial Officer at QUEST DIAGNOSTICS INC.

Action: announced retirement
Role: Chief Financial Officer

Exact text from the filing

Mr. Samad succeeds Mark Guinan, who, in February 2022, announced his decision to retire.

View on SEC.gov

QUEST DIAGNOSTICS INC filing history →

Source: SEC EDGAR

accession 0001022079-22-000107

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