Curbline aligns executive bonus cap at 250% of target

Curbline Properties Corp. filed a report describing changes to employment agreements for three senior executives.

Rhea-AI Filing Summary

Curbline Properties Corp. filed a report describing changes to employment agreements for three senior executives. On September 26, 2025, the company and its subsidiary Curbline TRS LLC amended the agreements for Executive Vice President, Chief Financial Officer and Treasurer Conor M. Fennerty, Executive Vice President and Chief Investment Officer John Cattonar, and Executive Vice President, General Counsel and Secretary Lesley H. Solomon.

The amendments set a consistent maximum percentage that these executives can earn from their annual performance-based equity awards. Their maximum payout is now aligned with the company’s President and Chief Executive Officer at 250% of the target amount, creating a uniform structure for top management incentives. The detailed amendments are provided in the exhibits referenced in the report.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive compensation change did Curbline Properties Corp. (CURB) disclose?

The company amended employment agreements for three executive officers so that the maximum amount they can earn from annual performance-based equity awards is set at 250% of the target amount, matching the President and CEO.

Which Curbline (CURB) executives are affected by the amended employment agreements?

The amendments apply to Conor M. Fennerty (Executive Vice President, Chief Financial Officer and Treasurer), John Cattonar (Executive Vice President and Chief Investment Officer), and Lesley H. Solomon (Executive Vice President, General Counsel and Secretary).

When were the amended executive employment agreements at Curbline (CURB) signed?

The first amendments to the executive employment agreements were dated September 26, 2025.

How do the new performance-based equity award terms compare to Curbline’s CEO plan?

The amendments align the executives’ maximum performance-based equity award opportunity with that of the company’s President and Chief Executive Officer, setting the maximum at 250% of the target amount for all of them.

Where can investors find the full text of the Curbline (CURB) executive agreement amendments?

The full texts are included as Exhibits 10.1, 10.2, and 10.3, each labeled as a First Amendment to the respective Assigned Employment Agreement for the three executives.

Does the Curbline (CURB) 8-K report involve any director or officer departures?

No, the report under Item 5.02 focuses on amendments to existing executive employment agreements and does not describe any departures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/29/2025 - 04:05 PM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 26, 2025

Curbline Properties Corp.

(Exact name of Registrant as Specified in Its Charter)

Maryland			001-42265	93-4224532
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
320 Park Avenue
New York, New York				10022
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (216) 755-5500

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		CURB		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 26, 2025, Curbline Properties Corp. (the “Company”) and Curbline TRS LLC, a subsidiary of the Company (“Curbline TRS”), entered into, amendments (the “Amendments”) with each of Conor M. Fennerty, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, John Cattonar, the Company’s Executive Vice President and Chief Investment Officer, and Lesley H. Solomon, the Company’s Executive Vice President, General Counsel and Secretary (each an “Executive” and together, the “Executives”) to their respective employment agreements, dated as of September 1, 2024, by and among the Company, Curbline TRS, SITE Centers Corp. and the Executive (the “Employment Agreements”).

The Compensation Committee of the Board of Directors of the Company approved the Amendments to adopt a consistent maximum percentage that the Company’s executive officers may earn pursuant to their annual performance-based equity awards. Accordingly, the Amendments align the maximum percentage that can be earned by the Executives pursuant to their annual performance-based equity awards with the maximum percentage that can be earned by the Company’s President and Chief Executive Officer, which is 250% of the target amount.

The foregoing description of the Amendments does not purport to be complete and is qualified in its entirety by reference to the Amendments attached hereto as Exhibits 10.1, 10.2 and 10.3.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
10.1	First Amendment, dated as of September 26, 2025, to Assigned Employment Agreement, dated as of September 1, 2024, by and among Curbline Properties Corp., Curbline TRS LLC, and Conor M. Fennerty
10.2	First Amendment, dated as of September 26, 2025, to Assigned Employment Agreement, dated as of September 1, 2024, by and among Curbline Properties Corp., Curbline TRS LLC, and John Cattonar
10.3	First Amendment, dated as of September 26, 2025, to Assigned Employment Agreement, dated as of September 1, 2024, by and among Curbline Properties Corp., Curbline TRS LLC, and Lesley H. Solomon
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			CURBLINE PROPERTIES CORP.
Date:	September 29, 2025	By:	/s/ Lesley H. Solomon
			Name: Lesley H. Solomon Title: Executive Vice President, General Counsel and Secretary