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Westwood Holdings Group ( (WHG) ) has issued an announcement.
Westwood Holdings Group, Inc. and Leah Bennett, President of Westwood Wealth Management, have agreed on a Transition Agreement outlining her resignation effective December 31, 2024, and the arrangement for her to provide transitional services. Bennett will forfeit her unvested restricted stock and any potential 2024 bonuses, while agreeing to non-compete terms. In return, she will receive staggered cash payments totaling $750,000 by 2027, provided she doesn’t service Westwood’s clients as outlined in the agreement. This move is aimed at ensuring a smooth transition and protecting Westwood’s business interests.
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