other
confidence high
sentiment neutral
materiality 0.20
Apogee grants 17,540 restricted shares to CEO Ty Silberhorn; performance awards tied to ROIC
APOGEE ENTERPRISES, INC.
- Time-based restricted stock to six executives, vesting in three equal annual installments from Apr 30, 2023.
- Performance awards (cash + units) based on 3-year ROIC from Feb 27, 2022 to Mar 1, 2025; 0-200% payout.
- FY23 STIP metrics set as net sales and EBIT, consistent with FY22; threshold on at least one metric required.
- CEO Silberhorn receives 17,540 shares; CFO Gupta 8,143; CHRO Dobler 5,172; CPO Sachs 3,769; CIO Hayes 2,730; Pres Jewell 4,686.