secwatch.observer — SEC 8-K summary
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Issuer:     Hilton Grand Vacations Inc. (HGV)
CIK:        0001674168
Form:       8-K/A
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001193125-22-315449
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HGV EVP & Chief Customer Officer Stan Soroka to retire Dec 31; consulting agreement signed
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- Lump sum payment of $250,000 on first payroll after Jan 31, 2023, subject to release and covenants.
- Soroka will receive 2022 annual bonus under short-term incentive plan based on actual performance.
- COBRA premium reimbursement for 18 months; equity awards treated as 'Retirement' per 2017 plan.
- Consulting engagement from Jan 1, 2023, up to 24 months, at $30,000/month with non-compete/non-solicitation for 24 months.
- Retirement is not a 'Qualifying Termination' under his severance agreement, so no additional severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674168/000119312522315449/0001193125-22-315449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674168/000119312522315449/d426515d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-315449

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