secwatch.observer — SEC 8-K summary
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Issuer:     ENERPAC TOOL GROUP CORP (EPAC)
CIK:        0000006955
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0000006955-23-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enerpac grants CEO Paul Sternlieb $4.5M special equity award
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- Award totals $4.5M stated value: $3M in time-vesting RSUs, $1.5M in performance-vesting PSUs.
- RSUs vest 50% on first anniversary and 50% on second anniversary of grant date.
- PSU vesting tied to net revenue and adjusted EBITDA margin goals over FY2026 (fiscal year ending Aug 31, 2026).
- Award granted under 2017 Omnibus Incentive Plan to incentivize growth and CEO retention.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6955/000000695523000016/0000006955-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6955/000000695523000016/epac-20230830.htm
  HTML page:      https://secwatch.observer/filing/0000006955-23-000016

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