Sea approved retention bonuses for Eric Schlorff and Kevin Chung under a 2026 Retention Bonus Program, with staggered vesting payments and partial settlement in restricted stock.
| IndividualEric SchlorffKevin Chung | RoleExecutiveExecutive | Type of ChangeRetention bonus approvedRetention bonus approved | Effective DateJune 25, 2026 (approved); Agreement dated June 29, 2026June 25, 2026 (approved); Agreement dated June 29, 2026 | ReasonPart of broader retention program for long‑serving employeesPart of broader retention program for long‑serving employees | Replacement InfoNot disclosedNot disclosed | Background DetailsRetention bonus of $200,000; paid in three installments ($66,666 each) subject to continued employment; additional 25% of each payment in restricted stock (value $16,666.50 per installment)Retention bonus of $140,000; paid in three installments ($46,666 each) subject to continued employment; additional 25% of each payment in restricted stock (value $11,666.50 per installment) | Board/Committee Role ChangesNot disclosedNot disclosed |
Original SEC Filing:
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