secwatch.observer — SEC 8-K summary
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Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001193125-24-063754
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool CLO Ava Harter departs under reorganization; receives $2.93M severance
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- EVP & Chief Legal Officer role eliminated March 1, 2024; employment terminated March 8, 2024.
- Severance of $2,931,874 payable in two installments: $1,541,716 in March 2024 and $1,390,158 in March 2025.
- Also receives $93,360 for transition consulting and $32,000 for COBRA/health insurance.
- Agreed to 24-month non-compete, non-solicit, and confidentiality covenants; breach triggers 75% clawback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000119312524063754/0001193125-24-063754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000119312524063754/d760089d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-063754

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