other material
confidence high
sentiment neutral
materiality 0.40
CEO Del Grosso receives RSU award replacing 30% salary reduction; grant date Oct 1, 2022
Adient plc
- Douglas Del Grosso (CEO) granted RSUs valued at 30% of salary to replace forfeited salary as part of pay alignment.
- Grant date October 1, 2022; vesting on one-year anniversary, subject to continued employment or involuntary termination without cause.
- Award made under Adient's 2021 Omnibus Incentive Plan; designed to align CEO interests with shareholders.
- Salary reduction and replacement award reflect commitment to pay-for-performance; no change in CEO role or departure.