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The latest update is out from Hilltop Holdings Inc (HTH).
Hilltop Holdings Inc. has finalized a Transition and Release Agreement with Jerry L. Schaffner on his retirement as of May 1, 2024. Schaffner will step down from his roles within the company, except as a director at PlainsCapital Bank, and will receive a series of financial benefits including a salary until retirement, over $2.6 million from a prior agreement, COBRA assistance, a $2 million payment in 2025, and continued life insurance premium payments. Additionally, his unvested restricted stock units will vest as per the award agreement, provided he remains a director. The agreement includes standard clauses like non-competition and confidentiality, while Jeremy B. Ford succeeds him as CEO of PlainsCapital Bank.
For detailed information about HTH stock, go to TipRanks’ Stock Analysis page.