---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-169103"
form_type: "8-K/A"
ticker: "CNH"
cik: "0001567094"
company_name: "CNH Industrial N.V."
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:30:10.657695+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CNH Industrial discloses CEO Gerrit Marx's contract: $1.25M salary, $11.92M RSU grant, stable compensation through 2027

## Summary
- Gerrit Marx named CEO effective July 1, 2024; base salary $1.25M, annual bonus target ≥150% of base (max 200%).
- Initial RSU award of $11.92M vests: ~$6.97M Feb 2025, ~$4.95M Feb 2026, subject to performance and continued employment.
- Sign-on cash bonus of €412,500 payable by April 30, 2025, to offset forfeited incentives from prior employer.
- Annual LTI target of $9M in performance share units; compensation terms not expected to change for 2024-2027.
- Severance includes 12 months base salary; equity vesting provisions vary by termination type (non-CIC vs CIC).

## SEC filing metadata
- accession: 0001193125-24-169103
- form_type: 8-K/A
- ticker: CNH
- cik: 0001567094
- company_name: CNH Industrial N.V.
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/0001193125-24-169103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/d107321d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-169103
- JSON: https://secwatch.observer/filing/0001193125-24-169103.json
- Plain text: https://secwatch.observer/filing/0001193125-24-169103.txt

## Key facts
- Executive change
  Scott W. Wine departed as Chief Executive Officer at CNH Industrial N.V..
  - Role: Chief Executive Officer
  source text: the Company’s current Chief Executive Officer, Scott W. Wine, will continue in such role until July 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/0001193125-24-169103-index.htm
- Executive change
  Gerrit Marx was appointed as Chief Executive Officer at CNH Industrial N.V..
  - Role: Chief Executive Officer
  source text: Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/0001193125-24-169103-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.