Charter Communications Inc. has approved an amended and restated employment agreement for CEO Christopher L. Winfrey, effective December 1, 2025. The agreement includes provisions for severance, with Winfrey eligible for a cash payment equal to 2.5 times his annual base salary and target bonus in the event of an involuntary termination without cause or resignation for good reason. He would also receive a prorated annual bonus, COBRA coverage costs for 30 months, up to 12 months of outplacement services, and accelerated vesting of stock options under certain conditions. Additionally, the company's Compensation and Benefits Committee approved a one-time contingent equity award for all Executive Vice Presidents, including named executive officers. The awards, contingent on the closing of a transaction with Cox Enterprises, will be valued at 1.5 times each executive's annual long-term incentive target, split evenly between stock options and restricted stock units (RSUs). The stock options will vest on the fourth anniversary of the grant date, while the RSUs will vest in two equal installments on the second and fourth anniversaries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charter Communications Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001091667-25-000171), on December 05, 2025, and is solely responsible for the information contained therein.
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