secwatch.observer — SEC 8-K summary
======================================

Issuer:     CNH Industrial N.V. (CNH)
CIK:        0001567094
Form:       8-K/A
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001193125-24-169103
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/0001193125-24-169103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567094/000119312524169103/d107321d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-169103

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