Charter entered an employment agreement with Adam Ray as EVP & Chief Commercial Officer effective Jan 19,…
Filed with the SEC on · Summarized by InvestorsBot
Charter entered an employment agreement with Adam Ray as EVP & Chief Commercial Officer effective Jan 19, 2026 through Jan 19, 2028. Base salary ≥ $750K; target cash bonus 160% of salary; equity grants ≥ $4.25M/year starting 2027; $500K top‑up grant (1/20/26, 3‑yr cliff) 💼💰 $CHTR #ExecutiveComp #CorpGov
Termination protections: if Charter fires Ray without cause (or he leaves for good reason) he gets 2.0x × (salary + target bonus), COBRA paid 24 months, up to 12 months outplacement — payable only upon release. Includes NDA/IP, 2‑yr noncompete, 1‑yr nonsolicit 🛡️📜 $CHTR #ExecutiveComp #CorpGov
Investor takeaway: One‑time $500K top‑up now + annual equity ≥ $4.25M from 2027 increases comp expense; potential severance liability (2x pay+bonus) could be material on termination. Agreement disclosed on Form 8‑K filed Jan 22, 2026 📈 $CHTR #InvestorAlert #ExecutiveComp