<a href="https://laohu8.com/S/TRC">Tejon Ranch Co</a>. CEO Walker Voluntarily Reduces and Defers Sign-On Compensation in Amended Agreement
Tejon Ranch Co. has announced revised compensation terms for its President and CEO, Matthew H. Walker. The changes, approved unanimously by the Board of Directors, reduce Walker's original Sign On Incentive from $800,000 to $700,000. The amended package includes a cash payment of $150,000 in 2025, $100,000 in 2026, and $50,000 in 2027. Additionally, of the $300,000 restricted stock unit (RSU) grant, $150,000 will vest in 2026, $100,000 will be converted to price vested units (PVUs), and $50,000 will be forfeited. The original $200,000 PVU grant is amended to $250,000 through the conversion of RSUs, with $50,000 forfeited. The adjustments were made at Walker's request as part of broader efforts to reduce company overhead and operating expenses.
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