Management ChangeJul 16, 2026, 03:46 PM
Spruce Power Appoints Bobby Owens as General Counsel
AI Summary
Spruce Power Holding Corporation has appointed Bobby L. Owens as its new General Counsel, effective July 13, 2026. Mr. Owens brings extensive legal experience, having previously served as Deputy General Counsel of OXEA Corporation and Global General Counsel of OCI Methanol. Concurrently, the company's Board approved the termination of Chief Legal Officer Jonathan Norling, with a separation agreement to be determined. Mr. Owens' compensation package includes a $325,000 base salary, a 60% target cash bonus, and equity awards.
Key Highlights
- Bobby L. Owens appointed General Counsel of Spruce Power, effective July 13, 2026.
- Jonathan Norling's employment as Chief Legal Officer was terminated by the Board.
- Mr. Owens' annual base salary is set at $325,000.
- He is eligible for an annual cash bonus with a target of 60% of his base salary.
- Mr. Owens will receive a Sign-On Award of restricted stock units valued at $100,000.
- He will also be eligible for annual equity awards valued at 75% of his initial base salary.
- Mr. Owens will participate in the Executive Severance Plan with a 1.5x base salary multiplier.
Price Impact
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