other material
confidence high
sentiment neutral
materiality 0.35
Phibro Animal Health grants COO 300k performance RSUs and $4.25M cash retention award
PHIBRO ANIMAL HEALTH CORP
- COO Larry Miller gets 300k performance RSUs; vesting tied to 90-day avg stock price ($20-$60+) by June 30, 2027.
- Maximum vesting 100% at $60+ average; no vesting if below $20.
- Retention cash award of $4.25M (LTIP) payable in four equal installments starting June 30, 2024.
- Mr. Miller will not receive additional equity grants before Dec 31, 2025.
- Accelerated vesting provisions on qualified termination or change in control.