Cynthia Grieco
CROSS COUNTRY HEALTHCAREAbout Cynthia Grieco
Cynthia A. Grieco is Vice President, Corporate Treasurer at Cross Country Healthcare (CCRN), listed as an executive officer; she is 51 and joined the company in 2016 with a BBA from Florida Atlantic University . Her treasury leadership spans roles from Director to Assistant Treasurer to VP Treasury Operations before her appointment as Corporate Treasurer, indicating a deep internal progression in cash management, liquidity, and capital strategy . Company performance context: CCRN generated revenue above $2.0 billion in FY2023 with Adjusted EBITDA of $144.4 million and a 7.2% Adjusted EBITDA margin; cash flow was $248.5 million, and it exited FY2023 with no outstanding long-term debt, supporting strategic investments and repurchases . Stockholder support for executive pay was strong with 98.4% “say‑on‑pay” approval in 2023, and CCRN maintains clawback, anti-hedging/pledging policies, and stock ownership guidelines to align incentives and mitigate risk .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Cross Country Healthcare (CCRN) | Vice President, Corporate Treasurer | Current (listed 2024–2025) | Oversees corporate treasury, liquidity, banking, and capital allocation supporting repurchases and tech investments |
| Cross Country Healthcare (CCRN) | Vice President, Treasury Operations | 2018–2022 | Drove operational treasury processes during pandemic wind-down and scaling; efficiency and cash collections were priority areas in 2023 objectives |
| Cross Country Healthcare (CCRN) | Senior Director, Assistant Treasurer | 2017–2018 | Expanded treasury controls and cash management capabilities |
| Cross Country Healthcare (CCRN) | Director, Treasury Operations | 2016–2017 | Established foundational treasury operations after joining CCRN |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| JM Family Enterprises | Various treasury positions | 2001–2015 | Long-tenured treasury experience at a large private company; built core skills in liquidity, risk, and cash operations |
Fixed Compensation
Not disclosed for Ms. Grieco in the proxy. CCRN’s NEOs’ base salaries and bonus targets are detailed, but Ms. Grieco is not a named executive officer in the compensation tables .
Performance Compensation
Not disclosed for Ms. Grieco specifically. CCRN’s long-term incentive design for NEOs in FY2023 comprised 50% time-based RSAs (33.33% vesting annually over three years) and 50% PSAs tied to three-year cumulative Adjusted EBITDA (75% weighting) and three-year cumulative Adjusted EPS (25% weighting), with threshold/target/maximum payout matrices; PSAs vest after the performance period if conditions are met .
Equity Ownership & Alignment
- Executive officer listing: Cynthia A. Grieco is an executive officer (Vice President, Corporate Treasurer) .
- Stock ownership guidelines: CEO must hold 3× base salary; other senior executives (including NEOs) must hold 1× base salary, accumulated over three years; unvested and vested RSAs and vested PSAs count toward compliance .
- Anti-hedging and pledging: CCRN prohibits hedging and pledging of company stock for insiders, as part of “What we don’t do” and the securities compliance policy .
- Clawback: Compensation Recoupment Policy adopted in August 2023 mandates recovery of erroneously awarded incentive-based compensation after restatements and allows discretionary recoupment for fraud/misconduct .
- Beneficial ownership context: All directors and executive officers as a group held 1,713,303 shares, representing 4.9% of outstanding shares as of March 18, 2024; individual holdings for Ms. Grieco are not itemized in the table .
| Group | Shares Beneficially Owned | % of Outstanding |
|---|---|---|
| All directors and executive officers (17 individuals) | 1,713,303 | 4.9% |
Employment Terms
- Executive Severance Plan: Double-trigger severance upon change of control (termination without cause or for good reason within the window) includes continued base salary and target bonus multiples, plus continued benefits; plan terms are explicitly detailed for NEOs .
- General severance policy: For eligible non-NEO employees terminated without cause (not in connection with change of control), severance equals one week of base salary per full year of service .
- Clawback and compliance: Mandatory clawback for restatements; anti-hedging/short sales; governance frameworks and committee oversight of compensation risk .
Investment Implications
- Alignment: As a long-tenured internal treasury leader with executive officer status, Grieco operates under CCRN’s strong governance overlay (clawback, anti-hedging/pledging, ownership guidelines), which reduces misalignment risk even though her personal grant/ownership details are not disclosed in NEO tables .
- Retention risk: Internal progression since 2016 signals institutional knowledge and operational continuity in treasury, a core function for capital deployment and repurchases that management highlighted in 2023–2024; no 8‑K disclosures indicate changes to her role or compensation terms, suggesting low near-term transition risk .
- Trading signals: Lack of Form 4 data in the proxy for Ms. Grieco limits assessment of insider selling pressure; however, anti-hedging/pledging policy mitigates red flags associated with alignment and liquidity management .
- Pay-for-performance context: Company-wide incentive design emphasizes adjusted EBITDA/EPS in PSAs and revenue/adjusted EBITDA in annual bonuses, with 2023 payouts well below target due to missed thresholds—this structure promotes prudence in cash management and supports pay discipline relevant to treasury oversight .