SUBSEQUENT EVENTS |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Chief Executive Officer Transition and Separation Agreement On October 12, 2026 (the “Transition Date”), the Company announced the appointment of Thomas J. Appio as interim Chief Executive Officer of the Company, effective as of the Transition Date. Brent Saunders, former Chief Executive Officer of the Company and a member of the Company’s Board, and the Board mutually agreed to Mr. Saunders’ departure from the Company, effective as of the Transition Date. In connection with his departure, Mr. Saunders also ceased serving on the Board effective as of the Transition Date. As part of the separation agreement between the Company and Mr. Saunders, dated as of October 11, 2026, (the “Separation Agreement”), Mr. Saunders will receive a lump-sum cash payment of approximately $75 million in the aggregate, that will be payable in accordance with the Separation Agreement. Pursuant to the Separation Agreement, all of Mr. Saunders’ outstanding equity and equity-based incentive awards, whether vested or unvested, under the Company’s 2022 Omnibus Incentive Plan, were forfeited and cancelled effective upon entering into the Separation Agreement. As the Separation Agreement was entered into subsequent to September 30, 2026, the accompanying condensed consolidated financial statements do not reflect any amounts related to the Separation Agreement.
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