other material
confidence high
sentiment neutral
materiality 0.20
Ladder Capital enters amended employment agreements with CFO and General Counsel
Ladder Capital Corp
- CFO Paul Miceli's base salary set at $350,000; General Counsel Kelly Porcella at $225,000.
- Cash severance capped at $1M: lesser of $1M or base salary plus average of last 2 years' bonuses.
- Retirement vesting: unvested time-based equity vests 5 years post-retirement if age≥62 and 10 years service, subject to non-compete.
- Agreements supersede prior pacts; no fixed term; annual bonus and equity grants per previously agreed framework.