other material
confidence high
sentiment neutral
materiality 0.40
Apogee awards restricted stock to executives; interim CFO gets $150K stock + $250K cash bonus
APOGEE ENTERPRISES, INC.
- CEO Ty Silberhorn awarded 22,490 restricted shares vesting in three annual installments beginning April 30, 2024.
- Other execs receive 5,697 to 6,642 shares; all vest equally over 3 years with accelerated vesting on death/disability.
- Interim CFO Mark Augdahl gets $150K grant-date restricted stock and $250K cash bonus for interim service Aug 2022-Apr 2023.
- Performance awards for execs tied to 3-year ROIC metric; payout ranges from 0% to 200% of target.
- Fiscal 2024 STIP metrics set as net sales and EBIT, matching fiscal 2023 structure.