leadership
confidence high
sentiment neutral
materiality 0.45
Henry Schein amends CEO Bergman's employment agreement, extends term to Dec 2025
HENRY SCHEIN INC
- Base salary set at $1,582,000 per annum; term expires Dec 31, 2025 with possible one-year extensions.
- No cash severance if company non-renews; target incentive comp and equity awards tied to peer group medians.
- Annual equity awards from 2023 target total direct comp at least 50th percentile and equity grant at least median of peer group.
- Vesting acceleration upon death, disability, termination w/o cause, good reason, retirement, or non-renewal, with change-in-control provisions.
- Technical updates include definition of Good Reason and conforming changes to align with updated terms.