COO Dinenberg retention plan reduced to 6 months; CLO Fernand extended 1 year

Seritage Growth Properties

COO Dinenberg's retention term set at Mar 16–Sep 15, 2026, replacing 1-year auto-renewal.
Salary and target bonus increased 5%; retention bonus of $434,109 split July and Sep 2026.
Additional $1M bonus if change-of-control or asset sale closes during term or within 12 months after.
CLO Matthew Fernand's employment extended for 1 year from Mar 16, 2026 (no non-renewal notice).
Aggregate compensation (excl. $1M bonus) is ~50% of the 1-year renewal amount.

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