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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修改與公司執行副總裁兼首席人才官Nancy Phillips的僱傭協議
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全球貨幣宣佈與納西·菲利普斯公司的執行副總裁兼首席人事官進行僱傭協議修正案。該修正案將菲利普斯的工作期限延長至2027年6月4日,幷包括顯著增加她的補償計劃。她的年度基本工資從2024年6月4日開始上調至100萬美元。此外,她在短期激勵計劃下的目標年度現金獎金現在爲她的基本工資的120%,取決於執行委員會設定的績效目標。此外,她作爲長期激勵計劃的目標價值提高爲從2025財年開始的180萬美元。除此之外,菲利普斯還獲得了價值35萬美元的被限制股票單元的按比例權益獎勵,這將在未來三年分三次歸屬,與她的延期期限的結束一致。Paramount全球貨幣計劃在2024年6月30日結束的第二季度季度報告中提供Phillips協議的全文。
在2024年6月7日,Paramount全球貨幣宣佈與納西·菲利普斯公司的執行副總裁兼首席人事官進行僱傭協議修正案。該修正案將菲利普斯的工作期限延長至2027年6月4日,幷包括顯著增加她的補償計劃。她的年度基本工資從2024年6月4日開始上調至100萬美元。此外,她在短期激勵計劃下的目標年度現金獎金現在爲她的基本工資的120%,取決於執行委員會設定的績效目標。此外,她作爲長期激勵計劃的目標價值提高爲從2025財年開始的180萬美元。除此之外,菲利普斯還獲得了價值35萬美元的被限制股票單元的按比例權益獎勵,這將在未來三年分三次歸屬,與她的延期期限的結束一致。Paramount全球貨幣計劃在2024年6月30日結束的第二季度季度報告中提供Phillips協議的全文。
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