LSI Industries adopts FY2024 LTIP and STIP for named executives with EBITDA and RONA targets

LSI INDUSTRIES INC

CEO Clark gets RSUs of 47,022 and PSUs of 70,533; EVP & CFO Galeese gets 16,928 RSUs and 25,392 PSUs.
LTIP PSUs vest based 50% on cumulative Adjusted EBITDA and 50% on RONA over 3-year cycle ending June 2026.
STIP cash bonuses tied 80% to Adjusted EBITDA and 20% to Net Sales for FY2024; CEO target is 80% of salary.
Payout for both plans ranges from 0% at threshold to 200% for exceeding targets, with interpolation.
RSUs vest annually over 3 years; PSUs convert to time-based RSUs at target upon change in control.

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