other material
confidence high
sentiment neutral
materiality 0.25
Apogee grants restricted stock to executives; CEO receives 19,376 shares
APOGEE ENTERPRISES, INC.
- CEO Ty Silberhorn awarded 19,376 time-based restricted shares vesting in 3 annual installments starting May 1, 2025.
- CFO Matthew Osberg awarded 7,748 restricted shares; other named officers receive 2,751-5,354 shares.
- Performance share awards based on cumulative adjusted EPS and average adjusted ROIC over FY2024-2027 period.
- Fiscal 2025 STIP metrics set as consolidated/segment net sales and adjusted EBIT, target payout 0%-200%.
- New executive equity deferral program approved allowing deferral of restricted/performance stock awards.