CVR Partners exec chairman David L. Lamp gets new contract; base salary rises to $1.2M

CVR PARTNERS, LP

David L. Lamp enters new employment agreement with CVR Energy effective Jan. 1, 2025; base salary increases from $1.1M to $1.2M.
Lamp serves as Executive Chairman of CVR Partners' general partner; Partnership reimburses CVR Energy for portion of his compensation.
New contract provides annual cash bonus target of 150% of base salary and LTIP award target of 150% of base salary.
Severance includes cash payment of up to $3M and accelerated LTIP vesting upon termination without cause or for good reason.
Agreement expires Dec. 31, 2026, replacing prior agreement that expired Dec. 31, 2024.

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