other_material
confidence high
sentiment neutral
materiality 0.55
AZEK enhances executive severance benefits for CIC terminations linked to James Hardie merger
AZEK Co Inc.
- Termination on/before Sept 30, 2025: full fiscal 2025 cash incentive based on actual performance, paid by Dec 1, 2025.
- Termination after Sept 30, 2025: pro-rata annual incentive at target, paid within 60 days of release.
- Equity awards granted pre-March 23, 2025 vest fully; post-March 23 awards vest only portion scheduled within 12 months.
- Stock options remain exercisable for one year following a CIC qualifying termination.
- Amendments approved by Compensation Committee on June 3, 2025.
item 5.02item 9.01