The company said the Section 16 Subcommittee approved on February 11, 2025 the grant of PRSUs effective April 1, 2025 to 5 executives. Vesting ranges from 80% to 120% of target based on core adjusted EBITDA from January 1, 2027 to December 31.

1. 01

   The company said the Section 16 Subcommittee approved on February 11, 2025 the grant of PRSUs effective April 1, 2025 to 5 executives. Vesting ranges from 80% to 120% of target based on core adjusted EBITDA from January 1, 2027 to December 31.

2. 02

   The company said the minimum number of PRSUs, equal to 80% of target, is 10,677 for Mark W. Nelson and 22,880 each for Michael J. Katz, Jonathan A. Freier, Callie R. Field and Ulf Ewaldsson.

3. 03

   The company said the PRSUs vest subject to continued service through April 1, 2028, and each vested PRSU pays 1 share of common stock for every 1 PRSUs. Payment is due within ninety days after vesting or, if earlier, by March 15 of the year following vesting.

4. 04

   The company said that if an executive's service ends before vesting due to death or disability, unvested PRSUs vest at target performance. If an executive is terminated without cause or resigns for good reason within 1 year after a change in control, the PRSUs vest at or above target.

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Original filing

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