Group 1 Automotive amends executive Daryl Kenningham's severance terms in incentive agreement
Group 1 Automotive signed a second amendment to the incentive and non-compete agreement with executive Daryl Kenningham on March 2, 2026, restructuring his severance benefits. The filing does not report a change in his role or a new payment amount, and the full agreement will be filed later with the company's next 10-Q.
Key points
- Severance multiple is 1.5 times base salary plus target annual bonus, rising to 2.0 times if termination occurs within six months of a Corporate Change
- COBRA coverage is 18 months, extending to 24 months in the Corporate Change window
- Severance is paid as a lump sum on the first day of the seventh month after separation, subject to restrictive covenants and a release
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.