secwatch.observer — SEC 8-K summary
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Issuer:     PHIBRO ANIMAL HEALTH CORP (PAHC)
CIK:        0001069899
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001104659-23-078746
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Phibro Animal Health grants COO 300k performance RSUs and $4.25M cash retention award
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069899/000110465923078746/0001104659-23-078746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069899/000110465923078746/tm2320739d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-078746

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