Seritage Growth Properties Approves New Compensation Agreement for COO Eric Dinenberg
Seritage Growth Properties has approved new compensation terms for Chief Operating Officer Eric Dinenberg. Under an amended agreement, Dinenberg will serve a six-month retention period from March 16, 2026, to September 15, 2026, replacing a previously planned one-year renewal. His aggregate compensation and benefits during this period, excluding a potential additional bonus, will be roughly half of what he would have received under a full-year renewal. If the company enters into a change of control or major asset sale during the term, Dinenberg will be eligible for a $1 million bonus at closing. In the event of termination without cause or for good reason during the term, he will receive his unpaid retention bonus, prorated annual bonus, a 2026 cash award, and a lump sum equal to one year of base salary.
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