other material
confidence high
sentiment neutral
materiality 0.40
Triton International adopts Long-Term Cash Incentive Plan for executives, tying payouts to company stock value
Triton International Ltd
- Plan adopted Feb 28, 2024; awards vest in equal installments on Jan 15, 2026 and Jan 15, 2027.
- Payout based on Triton Valuation (per-share fair market value) plus cumulative dividends over 3-year performance period.
- Upon termination without cause or for good reason, unvested awards from prior years vest; same-year awards forfeited.
- Full vesting on death or disability; Change in Control triggers accelerated vesting with payout based on Change in Control Price.
- Plan covers all eligible employees and consultants, including named executive officers.