leadership
confidence high
sentiment neutral
materiality 0.50
Oil States International enters into Executive Agreement with Senior VP and CAO Brian E. Taylor
OIL STATES INTERNATIONAL, INC
- Brian E. Taylor entered into Executive Agreement on May 10, 2022, replacing participation in Change of Control Severance Plan.
- Upon Change of Control termination, Mr. Taylor receives lump sum of 2x base salary plus target annual bonus, plus accelerated equity vesting.
- For regular termination outside Change of Control period, severance equals 1x base salary plus target bonus, plus vesting of restricted shares/units.
- Health benefit continuation for up to 36 months after Change of Control termination and 24 months for regular termination.