other material
confidence high
sentiment neutral
materiality 0.40
Enhabit amends executive severance and change-in-control plans, reducing benefits for named officers
Enhabit, Inc.
- Reduces cash severance for CEO from 2.99x to 2.5x base salary; for CFO and EVP from 2x to 1.75x.
- Cuts medical/dental/vision continuation for CEO from 36 to 18 months; for others from 24 to 12 months.
- Broadens 'Cause' definition to include certain misdemeanors and willful misconduct; modifies 'Good Reason' triggers.
- Adds clawback language subject to future company policy, including SEC Rule 10D.
- Performance-based equity awards will vest based on actual achievement rather than Committee discretion.