Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 1, 2026, the board of directors of Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), appointed Lawrence Y. Kim, President, IHOP Business Unit, to the additional position of Chief Commercial Officer of the Corporation, effective as of June 1, 2026. In connection with the appointment, the compensation committee of the board of directors of the Corporation increased Mr. Kim’s base salary and target annual bonus opportunity to $850,000 and 125% of base salary, respectively, effective as of June 1, 2026. Beginning in 2027, Mr. Kim will be eligible to receive annual long-term equity incentive awards from the Corporation with a target grant date value of $2,000,000, which will be granted in the same form as the annual grants to the Corporation’s other executive officers. In addition, Mr. Kim will receive a one-time retention award (the “Performance Retention Grant”) in the form of restricted stock units, with a maximum grant date value of $3,000,000. The Performance Retention Grant is scheduled to vest on June 15, 2029, subject to Mr. Kim achieving certain performance targets and his continuous employment with the Corporation.
DIN Dine Brands Global, Inc. - 8-K
Accession
0001193125-26-2537835.029.01
Item 5.02 - Departure/Election of Directors or Certain Officers
203 words
Item 9.01 - Financial Statements and Exhibits
23 words
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).