secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001213900-24-025790
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients adopts performance-based equity compensation tied to Adjusted EBITDA ROA for FY2024-2026
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- Compensation Committee adopted performance-based restricted stock program using Adjusted EBITDA ROA (4.80% threshold, 5.20% target, 5.60% max for 2024).
- Awards to execs: Bryon McGregor (max 155,320 shares), Robert Olander (max 55,320), Auste Graham (max 48,000), James Sneed (max 48,000).
- Time-based restricted stock also granted: McGregor 233,330 shares, Olander 83,330, Graham 71,660, Sneed 71,660 vesting 33%/33%/34% through 2027.
- Vesting schedule: 33% of award earned per year based on performance; remaining shares subject to time vesting until early 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390024025790/0001213900-24-025790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390024025790/ea0202538-8k_alto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025790

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