Company: DBRG
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001558370-25-004974
Chunk: 63

Company: DigitalBridge Group, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 63
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y Wu entered into the employment agreement (the “Final Employment Agreement”) that became effective January 1, 2024 (the “Effective Date”) following the expiration of the Second Amended and Restated Employment Agreement between the Company and Jacky Wu, dated as of September 27, 2022 (the “Prior Agreement”), according to its terms on December 31, 2023. The Final Employment Agreement provided that Mr. Wu would serve as the Company’s Executive Vice President, Chief Financial Officer and Treasurer from the Effective Date through the date that Mr. Wu has completed the transition of duties and responsibilities to a successor chief financial officer of the Company, which occurred on March 18, 2024, and thereafter would serve as an employee strategic advisor to the Company through June 30, 2024 (the “Expiration Date”). In addition, the Final Employment Agreement provided that following Mr. Wu’s service as an employee from the Effective Date through the Expiration Date (the “Employment Term”), Mr. Wu would serve as a non-employee strategic advisor to the Company through December 31, 2024 (the “Consulting Term”) in accordance with the terms of a consulting agreement that was entered into between Mr. Wu and the Company pursuant to which Mr. Wu received a monthly consulting fee of $60,000 and monthly cash payments in an amount that, after reduction for applicable taxes, equaled the amount of the Company’s monthly contributions under the Company’s medical, dental, and vision programs in which Mr. Wu participated under the Prior Agreement. In connection with Mr. Wu’s execution of the Final Employment Agreement and extension of his services beyond the expiration of his Prior Agreement, Mr. Wu received a $500,000 bonus payment (the “Extension Bonus”).

The Final Employment Agreement provided for the payment of a base salary of no less than $700,000, an annual cash bonus with a target amount of $900,000, pro-rated by 50% based upon the duration of his employment (the “2024 Bonus Amount”), and an annual grant of equity-based awards with a target value of $2,000,000, pro-rated based upon the duration of Mr. Wu’s employment and period of service during the Consulting Term (the “2024 LTIP”). Pursuant to the terms of the agreement, following the Employment Term and the execution of a release of claims, Mr. Wu became eligible to receive the 2024 Bonus Amount, and following the Expiration Date and the execution of a