TRI Pointe Group Inc.

22/07/2024 | Press release | Distributed by Public on 22/07/2024 20:34

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 17, 2024, the Board of Directors of Tri Pointe Homes, Inc., a Delaware corporation (the "Company"), approved modifications to the existing executive employment agreement between the Company and Thomas J. Mitchell, the Company's President and Chief Operating Officer, to increase Mr. Mitchell's "Covered Termination" multiples in connection with both change in control and non-change in control separations from 1.5x and 2.5x, respectively, to 2x and 3x, respectively.