other material
confidence high
sentiment negative
materiality 0.65
World Acceptance cancels 10,000 CEO performance shares tied to $20.45 EPS target; grants service-based restricted stock
WORLD ACCEPTANCE CORP
- CEO R. Chad Prashad forfeited 10,000 Performance Shares after $20.45 EPS target deemed no longer probable.
- Company previously reversed $18.5M in stock-based compensation related to those shares in Q2 fiscal 2025 (disclosed in 10-Q).
- Committee granted service-based restricted stock: Prashad 11,644 shares; Calmes, Dyer 6,718; Umstetter 4,478; others 2,687 each.
- Service-based shares vest on December 18, 2025, contingent on continued service.
- Two EPS targets remain: $16.35 (40% vesting) and $20.45 (60%); only $16.35 now probable.