other material
confidence high
sentiment neutral
materiality 0.40
Cboe amends CEO Tilly's contract: new term to Dec 2024, salary $1.265M, bonus target $2.087M, equity $6.648M
Cboe Global Markets, Inc.
- Employment term extended to Dec 31, 2024 with automatic one-year renewals unless 180-day notice given.
- Base salary $1,265,000; 2023 target annual bonus $2,087,250; target equity award $6,648,000.
- On voluntary termination w/o good reason after Dec 31, 2023: full vesting of 2023 PSUs at actual performance; similar for 2024 PSUs after Dec 31, 2024.
- Board approved new PSU award agreements for Tilly with full vesting upon retirement or voluntary termination after Dec 31, 2023.