leadership
confidence high
sentiment neutral
materiality 0.60
Worthington Enterprises awards retention performance shares to CEO Rose and two other executives
WORTHINGTON ENTERPRISES, INC.
- Compensation Committee approved special retention performance shares for CEO B. Andrew Rose (40,000 target shares), CFO Joseph B. Hayek (33,340), and President Steven M. Caravati (15,000).
- Awards are split equally between two types: one based on annualized absolute total shareholder return and one on share price growth over the three-year period ending April 2027.
- Vesting ranges from 50% to 150% of target based on performance, with a retention condition requiring continuous employment through certification date.
- Share price at grant was $60.74; Rose’s target award valued at $2,429,600, Hayek’s at $2,025,072, Caravati’s at $911,100.