other material
confidence high
sentiment neutral
materiality 0.50
Trinseo awards conditional retention bonuses to NEOs totaling $9.75M, requiring forfeiture of 2025 bonuses and LTI
Trinseo PLC
- CEO Bozich receives $3.2M; CFO Stasse $2.5M; Reverberi $1.7M; Chaclas $1.35M; Cooney $1M.
- Bonuses paid Jan 8, 2026; must be earned through continuous employment until Mar 31, 2027, unless Qualifying Termination.
- Conditions include forfeiture of 2025 annual bonus, cancellation of cash-settled LTI vesting, and waiver of Good Reason termination rights.
- Executives also forfeit 2026 LTI grants and any existing retention bonuses scheduled for 2026.
- Program aims to retain key leaders during 'extreme volatility in the chemicals industry' per the agreement.