CME Group (CME) has issued an announcement.
CME Group Inc. has revised its Omnibus Stock Plan, enhancing its alignment with shareholder preferences and market standards by introducing double trigger provisions for stock vesting upon a change of control. This means that equity awards granted after March 1, 2024, will vest faster if a takeover occurs and either the new entity fails to offer equivalent awards or the employee is terminated without cause within 24 months post-takeover. This move is part of the company’s efforts to stay competitive and retain talent.
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