other
confidence high
sentiment neutral
materiality 0.50
Vontier amends deferred comp plan, adopts new severance plan for execs
Vontier Corp
- EDIP amended: employer contributions capped at 6% for new participants after Sep 30, 2023; new 5-year graded vesting.
- Separation Plan: CEO gets 2.0x base salary (non-CIC) or 2.5x base+target bonus (CIC); other NEOs get 1.0x or 2.0x.
- Equity acceleration immediately upon CIC termination; health benefits up to 30 months for CEO.
- Stock ownership guidelines: unvested performance stock units no longer count toward ownership requirements.