leadership
confidence high
sentiment neutral
materiality 0.40
Curbline extends CFO and CIO contracts through 2029 with salary increases and backloaded equity
Curbline Properties Corp.
- CFO Conor Fennerty base salary raised to $650k from $600k; CIO John Cattonar to $550k from $500k.
- Fennerty receives $1.5M backloaded restricted stock; Cattonar receives $1.37M, vesting over 5 years (0%/15%/15%/20%/50%).
- Annual performance-based equity target: Fennerty ≥$600k, Cattonar ≥$600k; time-based awards ≥$250k and ≥$150k respectively.
- New agreements extend through June 25, 2029; add change-in-control severance and three-year ratable vesting for time-based awards.
- Compensation Committee approved to retain both officers and align compensation with peer group.