secwatch.observer — SEC 8-K summary
======================================

Issuer:     Adient plc (ADNT)
CIK:        0001670541
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001670541-22-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Del Grosso receives RSU award replacing 30% salary reduction; grant date Oct 1, 2022
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670541/000167054122000080/0001670541-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670541/000167054122000080/adnt-20220916.htm
  HTML page:      https://secwatch.observer/filing/0001670541-22-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer