Management ChangeJun 17, 2026, 05:06 PM
Republic Airways Promotes Matthew Koscal to President & CEO
AI Summary
Republic Airways announced the promotion of Matthew J. Koscal to President and Chief Executive Officer, effective June 15, 2026. David Grizzle, the former CEO, resumed his role as non-executive Chairman of the Board. In connection with his new responsibilities, Mr. Koscal's compensation was recalibrated, including increases to his base salary, target cash bonus opportunity, and long-term incentive award. He also received a supplemental grant of performance stock units.
Key Highlights
- Matthew J. Koscal promoted to President and CEO, effective June 15, 2026.
- David Grizzle resumed role of non-executive Chairman of the Board.
- Koscal's annual base salary increased to $802,000 from $675,000.
- Target cash bonus opportunity increased to 114% of base salary from 100%.
- Target long-term incentive award valued at 376% of annual base salary, up from 275%.
- Received supplemental grant of 31,559 performance stock units (PSUs) valued at $628,333.
- PSUs vest over three years based on Controllable Completion Factor, Daily Utilization, and pre-tax income.
Price Impact
More from RJET