secwatch.observer — SEC 8-K summary
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Issuer:     Walgreens Boots Alliance, Inc. (—)
CIK:        0001618921
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001193125-23-253805
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Walgreens Boots Alliance appoints Tim Wentworth as CEO effective Oct. 23, 2023
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- Tim Wentworth named CEO and Board member, effective Oct. 23, 2023; previously founding CEO of Evernorth (Cigna) and CEO of Express Scripts.
- Compensation: $1.5M base salary, 200% target bonus, initial equity grant of $12M (50% PSUs, 50% RSUs, 3-year vest).
- Wentworth brings healthcare leadership; WBA focuses on right-sizing and driving execution to create value.
- No family relationships or transactions requiring disclosure; employment at-will with non-compete agreement.
- Interim CEO Ginger Graham to return as Lead Independent Director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618921/000119312523253805/0001193125-23-253805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618921/000119312523253805/d559360d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-253805

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer