secwatch.observer — SEC 8-K summary
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Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0000950170-25-110547
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000095017025110547/0000950170-25-110547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000095017025110547/neog-20250815.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-110547

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer