other material
confidence high
sentiment neutral
materiality 0.35
Cooper Companies adopts 2022 Incentive Payment Plan; CEO target 125% of salary
COOPER COMPANIES, INC.
- CEO Albert White receives 125% target eligibility; Threshold Goal requires 50% achievement of Revenue, Income, or EPS.
- COO McBride (80% target) and CFO Andrews (75% target) included; Corporate HQ weighting: Revenue 50%, Income 25%, EPS 25%.
- Payment may be cash and up to 50% common stock; CEO above 75% may get restricted stock with 3-year cliff vesting.
- Plan is part of 2017 Executive Incentive Program; Committee may reduce quantitative-based bonus by up to 25% for qualitative factors.
- Participants forfeit awards if employment terminates before year-end unless due to death, retirement, or disability.