Neogen grants PSUs and stock options to CEO and other NEOs for FY2026 LTI

NEOGEN CORP

CEO Mikhael Nassif receives 414,365 PSUs (target) and 1,065,042 options at $5.43 strike, vesting over 3 years.
PSUs based on 3-year performance: Revenue CAGR (40%), Adjusted EBITDA Margin expansion (30%), Cash Flow Conversion (30%).
PSUs include rTSR modifier: +20% at 75th percentile, -20% below 25th percentile; max payout 200% of target.
CFO/COO David Naemura gets 230,203 PSUs and 591,690 options; CLCO Amy Rocklin gets 119,705 PSUs and 307,680 options.
Options have 10-year term, strike price $5.43; PSUs represent 50% of each NEO's FY2026 long-term incentive.

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