other material
confidence high
sentiment neutral
materiality 0.40
Verisk adopts new Senior Executive Severance Plan with enhanced benefits for CEO and other named executives
Verisk Analytics, Inc.
- CEO eligible for 24 months salary severance plus 2x target STI bonus upon qualifying termination.
- Other eligible executives receive 18 months salary plus 1.5x target STI bonus.
- Plan provides equity acceleration (prorated vesting) and up to 18 months COBRA premium payments.
- Replaces all prior severance arrangements for these executives, effective March 30, 2022.
- Eligibility limited to executives reporting directly to CEO or designated by Compensation Committee.