MediaAlpha, Inc. disclosed that Director Lara Sweet notified the company she will not stand for reelection at the 2026 Annual Meeting for personal reasons, with her term ending May 5, 2026, and no disagreements on company matters. The Compensation Committee approved 2026 executive LTI changes, with 25% in PRSUs tied to annual Adjusted EBITDA goals over three years and 75% in RSUs.
Key takeaways
Lara Sweet, Class III Director, term ends May 5, 2026, due to personal reasons, not due to any disagreement.
Board’s Nominating and Corporate Governance Committee commenced search for new director.
Kathy Vrabeck, Audit Committee member since 2020 and audit committee financial expert, to serve as interim Audit Committee Chair.
Compensation Committee approved on March 13, 2026: 25% of 2026 executive LTI as PRSUs (75% RSUs).
PRSUs earned based on Adjusted EBITDA achievement in FY2026, FY2027, FY2028: threshold 85% of target (50% vesting), maximum 120% (200% vesting).