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ralphey

03/02/21 12:33 PM

#327655 RE: jmhill23 #327649

need shareholder proposal to limit executive compensation

https://www.fulcrumpartnersllc.com/2019/09/18/shareholder-submission-of-proposals-on-executive-compensation/

No equity compensation grant may be made to a senior executive at a time when NYCB common stock has a market price that is lower than the grant date market price (taking into account stock dividends and stock splits) of any prior equity compensation grants to such individual. Compliance with this policy is excused if it would result in the violation of any existing contractual obligation or the terms of any existing compensation plan.