secwatch.observer — SEC 8-K summary
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Issuer:     APOGEE ENTERPRISES, INC. (APOG)
CIK:        0000006845
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001193125-23-115405
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apogee awards restricted stock to executives; interim CFO gets $150K stock + $250K cash bonus
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6845/000119312523115405/0001193125-23-115405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6845/000119312523115405/d828190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115405

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