other material
confidence high
sentiment neutral
materiality 0.30
Amended employment agreement for EVP Searby: $420k base, $420k retention RSU
Amalgamated Financial Corp.
- Base salary set at $420,000 per year; bonus and equity targets each at 40% of base.
- One-time retention award of $420,000 in RSUs to be granted on Sept 1, 2025.
- Term of 36 months with annual auto-renewals; severance of 12 months base plus bonus (non-CIC).
- Change-in-control severance: 21 months base plus 175% of target bonus.
- Confidentiality, non-compete, and non-solicitation covenants apply for 12+ months post-termination.