other material
confidence high
sentiment positive
materiality 0.55
Tredegar approves 2022 incentive plans for CEO/CFO; shareholders re-elect all directors
TREDEGAR CORP
- CEO Steitz: 2022 annual incentive threshold 50%, target 100%, max capped at 100% of base salary.
- CFO Edwards: threshold 35%, target 70%, max 140%; payout also subject to operational goals.
- LTIP for both based on cumulative EBITDA for 2022-2023; payout adjusted by TSR vs S&P 600 Industrials/Materials.
- Shareholders re-elected all 8 director nominees; say-on-pay approved with 24.8M for vs 1.37M against.
- KPMG ratified as auditor for FY2022 with 30.4M for vs 0.46M against.