Albemarle adopts revised equity award forms; CEO Masters' 2023 awards vest Dec 31, 2025 or upon successor start

ALBEMARLE CORP

Adopted revised forms of stock option, PSU, RSU, and special RSU award agreements under 2017 Incentive Plan.
CEO Kent Masters' 2023 awards (options, PSUs, RSUs) vest fully on Dec 31, 2025 or earlier if a successor CEO commences.
Upon Qualifying Termination Event before vesting, Masters' options and RSUs vest in full; PSUs vest based on actual performance or at target for death/disability.
Revised agreements include standard change-in-control, recoupment, and non-compete provisions.

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