National Health Investors Inc. has announced new Change in Control Severance Agreements with its executive officers, including D. Eric Mendelsohn, Kristin S. Gaines, Kevin C. Pascoe, John L. Spaid, and David L. Travis, effective December 15, 2025. Under these agreements, executives are eligible for severance benefits in the event of a qualifying termination following a change in control. The benefits include a lump sum payment equal to two times the sum of the executive’s annual base salary and average bonus, a pro-rated bonus for the performance period, continued COBRA health coverage for 18 months, and accelerated vesting of all time-based equity awards. The agreements also include non-competition and non-solicitation restrictions for certain executives for 12 months following termination if severance is paid.
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. National Health Investors 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: 0000877860-25-000198), on December 19, 2025, and is solely responsible for the information contained therein.
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