secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001679688-23-000127
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalBridge CFO Jacky Wu to step down by June 2024 under phased transition plan
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- Jacky Wu will serve as CFO until a successor is hired, then as employee strategic advisor until June 30, 2024.
- Wu receives $500,000 extension bonus, $700,000 base salary, $900,000 target cash bonus (pro-rated), and $2M target LTIP (pro-rated).
- Post-employment consulting through Dec 31, 2024 at $60,000/month for up to 300 hours.
- Equity awards will continue vesting post-expiration; non-compete and non-solicitation extend one year.
- Transition ensures at least three-month overlap with successor CFO and completion of legacy liquidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968823000127/0001679688-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968823000127/dbrg-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001679688-23-000127

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