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8-K: Paramount Global Amends Employment Agreement with Nancy Phillips, Executive Vice President and Chief Talent Officer of the Company

8-K: Paramount Global Amends Employment Agreement with Nancy Phillips, Executive Vice President and Chief Talent Officer of the Company

8-K:Paramount Global修改与公司执行副总裁兼首席人才官Nancy Phillips的雇佣协议
美股SEC公告 ·  06/10 16:30

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On June 7, 2024, Paramount Global announced an amendment to the employment agreement with Nancy Phillips, the company's Executive Vice President and Chief People Officer. The amendment extends Phillips' term of employment until June 4, 2027, and includes a significant increase in her compensation package. Her annual base salary has been raised to $1 million effective June 4, 2024. Additionally, her target annual cash bonus under the Short Term Incentive Plan is now 120% of her base salary, contingent upon meeting performance goals set by the Compensation Committee. Furthermore, the target value of her annual equity compensation grants under the Long Term Incentive Plan has been increased to $1.8 million starting from the 2025 fiscal year. Alongside these changes, Phillips received a pro-rated equity award of restricted stock units valued at $350,000, which will vest in thirds over the next three years, aligning with the end of her extended term. Paramount Global plans to provide the full text of the Phillips Agreement in its upcoming Quarterly Report on Form 10-Q for the quarter ending June 30, 2024.
On June 7, 2024, Paramount Global announced an amendment to the employment agreement with Nancy Phillips, the company's Executive Vice President and Chief People Officer. The amendment extends Phillips' term of employment until June 4, 2027, and includes a significant increase in her compensation package. Her annual base salary has been raised to $1 million effective June 4, 2024. Additionally, her target annual cash bonus under the Short Term Incentive Plan is now 120% of her base salary, contingent upon meeting performance goals set by the Compensation Committee. Furthermore, the target value of her annual equity compensation grants under the Long Term Incentive Plan has been increased to $1.8 million starting from the 2025 fiscal year. Alongside these changes, Phillips received a pro-rated equity award of restricted stock units valued at $350,000, which will vest in thirds over the next three years, aligning with the end of her extended term. Paramount Global plans to provide the full text of the Phillips Agreement in its upcoming Quarterly Report on Form 10-Q for the quarter ending June 30, 2024.
在2024年6月7日,Paramount全球货币宣布与纳西·菲利普斯公司的执行副总裁兼首席人事官进行雇佣协议修正案。该修正案将菲利普斯的工作期限延长至2027年6月4日,并包括显著增加她的补偿计划。她的年度基本工资从2024年6月4日开始上调至100万美元。此外,她在短期激励计划下的目标年度现金奖金现在为她的基本工资的120%,取决于执行委员会设定的绩效目标。此外,她作为长期激励计划的目标价值提高为从2025财年开始的180万美元。除此之外,菲利普斯还获得了价值35万美元的被限制股票单元的按比例权益奖励,这将在未来三年分三次归属,与她的延期期限的结束一致。Paramount全球货币计划在2024年6月30日结束的第二季度季度报告中提供Phillips协议的全文。
在2024年6月7日,Paramount全球货币宣布与纳西·菲利普斯公司的执行副总裁兼首席人事官进行雇佣协议修正案。该修正案将菲利普斯的工作期限延长至2027年6月4日,并包括显著增加她的补偿计划。她的年度基本工资从2024年6月4日开始上调至100万美元。此外,她在短期激励计划下的目标年度现金奖金现在为她的基本工资的120%,取决于执行委员会设定的绩效目标。此外,她作为长期激励计划的目标价值提高为从2025财年开始的180万美元。除此之外,菲利普斯还获得了价值35万美元的被限制股票单元的按比例权益奖励,这将在未来三年分三次归属,与她的延期期限的结束一致。Paramount全球货币计划在2024年6月30日结束的第二季度季度报告中提供Phillips协议的全文。
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