leadership
confidence high
sentiment neutral
materiality 0.50
One Group Hospitality amends CEO Hilario's contract, adds 600K RSUs with performance vesting
ONE Group Hospitality, Inc.
- CEO Emanuel Hilario gets amended employment agreement extending term one year, effective Sept 2, 2022.
- Grant of 100,000 time-vesting RSUs vesting over 4 years starting Aug 31, 2023.
- Grant of 500,000 performance-based RSUs contingent on 15% year-over-year VWAP increases over four 12-month periods.
- All unvested equity awards (time and performance) accelerate vesting immediately before a change of control.
- Base salary of $700,000 (retroactive to July 2021) and target bonus of 100% of base salary.