Resideo Technologies (NYSE: REZI) adjusts CEO transition and 2026 incentive plan
Rhea-AI Filing Summary
Resideo Technologies, Inc. updated the transition arrangements for its President and Chief Executive Officer, Jay Geldmacher, as he moves toward retirement. The company previously agreed in 2024 that once a new CEO is appointed, Mr. Geldmacher would step out of the officer role and remain with the company in a different position for six months.
In a July 2025 announcement, the company stated that his contemplated retirement would take effect after completion of the separation of the ADI Global Distribution business, followed by six months in an advisory capacity. On January 6, 2026, the board’s Compensation and Human Capital Management Committee approved an amendment to the 2024 Agreement to define Mr. Geldmacher’s eligibility for 2026 annual incentive plan compensation. All other provisions of the original 2024 Agreement remain unchanged.
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FAQ
What did Resideo Technologies (REZI) change regarding CEO Jay Geldmacher’s transition?
Resideo Technologies approved an amendment to a 2024 agreement with President and CEO Jay Geldmacher. The amendment, approved on January 6, 2026, adds a provision covering his eligibility for 2026 annual incentive plan compensation while keeping all other terms of the 2024 Agreement in place.
When will Resideo Technologies (REZI) CEO Jay Geldmacher’s retirement become effective?
The company announced that Jay Geldmacher’s contemplated retirement will become effective upon completion of the separation of Resideo’s ADI Global Distribution business. After that point, he is expected to serve in an advisory capacity for six months.
How long will Jay Geldmacher remain with Resideo after a new CEO is appointed?
Under the 2024 Agreement, for six months following the date a new CEO is appointed, Jay Geldmacher agreed to remain employed by Resideo in a non-officer role. This is part of the planned transition to new leadership.
What does the 2026 incentive plan change mean for Resideo Technologies (REZI) leadership?
The January 6, 2026 amendment clarifies that Jay Geldmacher will be eligible for annual incentive plan compensation for 2026. This ties his compensation to the company’s incentive framework during the final phase of his leadership transition.
Did Resideo change any other terms of Jay Geldmacher’s 2024 Agreement?
No. The company states that no other provisions of the 2024 Agreement were revised, indicating that only the new 2026 annual incentive compensation language was added.
How is the ADI Global Distribution separation linked to the CEO transition at Resideo (REZI)?
The company indicated that Jay Geldmacher’s contemplated retirement will become effective when the separation of the ADI Global Distribution business is completed. His shift into an advisory role for six months is planned to follow that milestone.