secwatch.observer — SEC 8-K summary
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Issuer:     APOGEE ENTERPRISES, INC. (APOG)
CIK:        0000006845
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000006845-24-000138
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apogee grants restricted stock to executives; CEO receives 19,376 shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000138/0000006845-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000138/apog-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000006845-24-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer