leadership
confidence high
sentiment neutral
materiality 0.40
CEO Priscilla Brown gets new contract with $1.08M base salary; bonus deferral plan also adopted
Amalgamated Financial Corp.
- CEO Priscilla Sims Brown's amended agreement sets base salary at $1,080,000, target bonus 80% of base, and target equity grant $1,560,000.
- Severance upon without-cause termination equals 12 months salary plus 1x or 1.75x annual target bonus, depending on change-in-control proximity.
- New Bonus Deferral Plan allows eligible executives to defer up to 100% of annual bonus into DSUs, with company match up to 35% of deferred amount, vesting based on age and service.
- CEO's contract term is 36 months, auto-renews annually unless either party gives 90-day non-renewal notice.