Twin Disc sets FY2024 pay for CEO Batten ($684,684) and CFO Knutson ($403,239); restricted stock grants approved

TWIN DISC INC

Base salaries for CEO Batten and CFO Knutson increased 4.5%, effective Oct 1, 2023.
Batten target bonus 85% of base ($581,981), Knutson target 55% ($221,781); CIP weighted on EBITDA, sales, inventory.
Batten awarded 32,933 restricted shares (vest 3 yrs); Knutson 16,170 restricted shares.
Batten target performance shares 49,399 (max 147,308); Knutson target 24,255; based on avg ROIC (50%) and cumulative EBITDA (50%).
Amendment to Batten's 2022 RSU award: service-based vesting ends June 30, 2025 (vs. 3 yrs from grant date).

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