Discover Financial Services (DFS) has released an update to notify the public and investors about its officers.
On January 25, 2024, Discover’s CLDC approved a $1,000,000 restricted stock unit award for CFO John T. Greene, vesting half in February 2027 and the other half contingent on the sale or transfer of the Discover Student Loan portfolio, with a forfeiture clause if not achieved by February 2027. Additionally, John B. Owen received a $1,600,000 restricted stock unit award and a $500,000 cash award for his service as Interim CEO and President, with the stock award vesting immediately and settling over three years, and both awards requiring his continued service until a permanent CEO is appointed.
For further insights into DFS corporate activity, check out TipRanks’ Insiders Trading Activity page.
