AI English summary of an SEC filing — figures as filed
Masco MASMasco said on April 21, 2026 that Jai Shah, its Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026.
Key points
AI summaryMasco said on April 21, 2026 that Jai Shah, its Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026.
Under the agreement dated April 16, 2026, Masco will pay Shah a cash amount of $1,206,000 after his employment ends. It said his 2026 cash bonus will be prorated through his last day of employment, based on his individual target opportunity and the company's 2026 annual performance.
The company said it will pay the cash equivalent of his annual RSU award, prorated through his last day of employment. It added that Shah will receive a share award under the 2024-2026 Long-Term Incentive Program (LTIP), prorated for his time employed during the performance period, if the LTIP performance goals are met.
Masco and Shah agreed under the March 5, 2025 agreement that he is not entitled to, and has forfeited, the remaining unvested RSUs under his retention incentive agreement. The company will pay the value of those RSUs in cash based on its closing price on March 6, 2027.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Jai Shah's Departure Timeline
Masco said on April 21, 2026 that Jai Shah, its Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026.
Source · Based on the filing body and exhibits
Cash Payments Under Departure Agreement
Under the agreement dated April 16, 2026, Masco will pay Shah a cash amount of $1,206,000 after his employment ends. It said his 2026 cash bonus will be prorated through his last day of employment, based on his individual target opportunity and the company's 2026 annual performance.
Source · Based on the filing body and exhibits
RSU Cash Equivalent and LTIP Share Award
The company said it will pay the cash equivalent of his annual RSU award, prorated through his last day of employment. It added that Shah will receive a share award under the 2024-2026 Long-Term Incentive Program (LTIP), prorated for his time employed during the performance period, if the LTIP performance goals are met.
Source · Based on the filing body and exhibits
Forfeiture of Retention RSUs and Cash Replacement
Masco and Shah agreed under the March 5, 2025 agreement that he is not entitled to, and has forfeited, the remaining unvested RSUs under his retention incentive agreement. The company will pay the value of those RSUs in cash based on its closing price on March 6, 2027.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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