secwatch.observer — SEC 8-K summary
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Issuer:     QUEST DIAGNOSTICS INC (DGX)
CIK:        0001022079
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001022079-22-000146
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quest Diagnostics increases CEO Davis's salary to $1.1M, grants $5M equity upon promotion
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- CEO Davis base salary raised to $1.1M, target annual incentive 150% of salary, effective Nov 1, 2022.
- Equity grant of $5M: 60% performance shares (vest Feb 2025) and 40% RSUs (3-year cliff vest).
- Transportation benefit up to $175k/yr; relocation benefits $125k flexible plus $25k legal/tax.
- Davis moved to Schedule A of severance plan; share ownership guideline increased to 6x salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022079/000102207922000146/0001022079-22-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022079/000102207922000146/dgx-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001022079-22-000146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer