Paramount Government Relations Head, Chief People Officer Eligible for $1 Million Payouts When Skydance Deal Closes [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
The awards, which are being granted to global public policy and government relations executive vice president Doretha Lea and chief people officer Nancy Phillips, will represent 100% of their annual base salaries as of Nov. 15, subject to the terms and conditions described in their transaction award program agreement. According to the agreement, Lea and Phillips must remain continuously employed and in good standing through the Skydance deal's closing. The payout will be made in a single lump sum on the closing date. If Lea and Phillips are terminated prior to the transaction's closing, they will still be entitled to the award if the termination is “without cause,” if they resign for “good reason” or if employment cases due to permanent disability or death. If employment is terminated for prior to the deal's close for a non-qualifying reason, the award will be forfeited. According to a 669 page SEC filing released earlier this month, Lea's golden parachute compensation includes $
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News
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PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 4
- 11/14/24 - Form 8-K
- PARAA's page on the SEC website