MGP Ingredients adopts new LTI program with PSUs and updated RSU awards

MGP INGREDIENTS INC

Committee approved new LTI design: annual grants of PSUs with forward-looking performance goals and time-vested RSUs, effective 2025.
Updated RSU Award Agreement modifies retirement vesting provision.
PSU Agreement accelerates vesting upon death, disability, or qualifying termination within 18 months after change in control.
PSUs continue vesting upon retirement at least one year after grant.
Changes follow a review of peer group LTI practices by the Committee's independent compensation consultant.

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