WD-40 grants William B. Noble 10% salary increase, 649 RSUs, 649 MSUs, 1,138 PSUs

WD 40 CO

Base salary increased 10% from $326,067 to $358,674 effective Nov 1, 2022.
Retention-based equity award of 649 restricted stock units (RSUs) under 2016 Stock Incentive Plan.
Long-term performance-based award of 649 market share units (MSUs); vesting determination in Oct 2025.
Short-term performance-based award of 1,138 performance share units (PSUs) tied to FY2023 max goals.
Non-equity incentive plan opportunity unchanged at up to 110% of base salary; benefits unchanged.

item 5.02

Executive movements

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Role change

William B. Noble

Group Managing Director

WDFC · WD 40 CO

Effective: 2022-11-01
Filed: October 14, 2022, 7:59 PM ET

On October 10, 2022, the Compensation Committee of WD-40 Company’s Board of Directors approved certain changes to the compensation arrangements of William B. Noble, a named executive officer, in connection with his promotion to Group Managing Director and additional responsibilities that he will undertake, the effective date of which is November 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

William B. Noble changed role as Group Managing Director at WD 40 CO.

Action: promoted
Role: Group Managing Director

Exact text from the filing

On October 10, 2022, the Compensation Committee of WD-40 Company’s Board of Directors approved certain changes to the compensation arrangements of William B. Noble, a named executive officer, in connection with his promotion to Group Managing Director and additional responsibilities that he will undertake, the effective date of which is November 1, 2022.

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WD 40 CO filing history →

Source: SEC EDGAR

accession 0000105132-22-000031

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