other
confidence high
sentiment neutral
materiality 0.30
Uber amends clawback policy, executive severance plan, and CEO employment agreement
Uber Technologies, Inc
- Clawback policy amended effective Oct 2, 2023 to comply with SEC Rule 10D-1 and NYSE listing standards.
- Mandatory recovery of erroneously awarded incentive compensation from Section 16 officers upon accounting restatement, no fault basis.
- 2019 Executive Severance Plan amended effective June 28, 2023; updates lump sum cash, equity vesting acceleration, and performance-based equity terms for qualifying terminations.
- Amended CEO Dara Khosrowshahi employment agreement: administrative and clarifying updates only; no changes to benefits or material terms.
- Approvals made by Compensation Committee as part of annual compensation review.