I wonder if this reason was chosen due to various clauses in his contract. Perhaps it exempts him from a golden parachute, because it's misbehavior on his part

I wonder if this reason was chosen due to various clauses in his contract. Perhaps it exempts him from a golden parachute, because it's misbehavior on his part? And even it he was also trading, this explanation doesn't put as much risk to the share price.