H.B. Fuller adds EBITDA margin to STIP, raises CEO base salary to $1 million

FULLER H B CO

CEO Celeste Mastin's base salary increased 5% to $1,000,000 effective Feb 1, 2024.
LTIP target value raised from 375% to 550% of base salary; STIP target now 125% (from 120%).
STIP metrics revised: EBITDA margin added (25% weight); EBITDA and net revenue weights reduced to 25% each; EPS weight to 25%.
SVP International Growth metrics: EPS 35%, IGM EBITDA margin 25%, IGM EBITDA 20%, IGM revenue 20%.
Changes effective for 2024 fiscal year incentive awards.

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