other material
confidence high
sentiment neutral
materiality 0.50
Worthington awards retention performance shares to CFO, GC, and two segment presidents
WORTHINGTON ENTERPRISES, INC.
- Each of CFO, GC, Consumer Products pres., Building Products pres. granted 25,000 performance shares.
- Vesting requires achievement of adjusted EBITDA and adjusted ROA targets for FY2027-2030.
- Shares vest when performance conditions met and recipient remains employed through certification date.
- Net debt to adjusted EBITDA ratio of 0.9x as of May 31, 2026; adjusted EBITDA $295.8M for fiscal 2026.
- Change in control triggers full vesting; death or disability allows vesting if performance conditions met.