Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 8, 2022, Avangrid Management Company, LLC, a wholly owned
subsidiary of Avangrid, Inc. (the "Corporation"), entered into a separation and
release agreement (the "Separation Agreement") with Dennis Arriola in connection
with his previously announced resignation as Chief Executive Officer. The
Separation Agreement provides that Mr. Arriola will receive a payment of
$600,000, subject to customary separation and release provisions.
2
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses