other
confidence high
sentiment neutral
materiality 0.40
Limbach Holdings sets 2022 base salaries and LTIP awards for three executives
Limbach Holdings, Inc.
- CEO Bacon's 2022 base salary set at $650,000 (increase of $32,000); COO McCann at $417,500 (+$30,000); CFO Brooks at $394,500 (+$12,000).
- LTIP restricted stock unit awards for 2022: Bacon and McCann at 100% of base salary, Brooks at 70%; awards vest over 3 years (1/3 time-based, 2/3 performance-based).
- Short-term incentive target bonus percentages unchanged: Bacon 100%, McCann 70%, Brooks 60% of base salary.
- Compensation committee determined modifications effective January 2022.