The latest update is out from Civitas Resources (CIVI).
Civitas Resources, Inc. has terminated Sandra K. Garbiso, their former Chief Accounting Officer and Treasurer, effective January 2, 2024, classifying it as a termination without “cause.” Garbiso is set to receive modified severance benefits, including immediate vesting of her outstanding restricted and performance stock units from 2022 and an accelerated vesting of her 2023 stock units, aligned with her Severance and Release Agreement. These benefits are contingent on the fulfillment of certain conditions outlined in the agreement.
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