leadership
confidence high
sentiment neutral
materiality 0.65
DigitalBridge enters amended employment agreement with CFO Jacky Wu; term to end Dec 31, 2023
DigitalBridge Group, Inc.
- Employment term expires Dec 31, 2023; may extend with Wu's consent if successor not found.
- Severance on expiration: $3.1M lump sum, 2023 target bonus, LTIP issuance, full vesting of equity and fund incentives.
- Wu will lead search for successor CFO and provide at least 3-month transition period.
- Board may accelerate expiration to date earlier than Dec 31, 2023; Wu then receives modified severance.
- Wu's non-compete and non-solicitation obligations continue for 1 year after departure.