City Office REIT Enhances Executive Compensation Structure

City Office REIT (CIO) has issued an announcement.

City Office REIT, Inc.’s Board and Compensation Committee have adopted a new performance-based restricted stock unit award agreement and approved acknowledgment agreements with top executives to ensure future stock and dividend award vesting aligns with the plan’s annual limits. The new award agreement stipulates that combined stock issuances won’t exceed set annual limitations, while the acknowledgment agreements clarify that excess awards will be adjusted or paid in cash to adhere to these restrictions, maintaining the company’s commitment to regulated equity compensation practices.

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