The company said the Management Development and Compensation Committee of its Board granted performance share units (PSUs) to 4 executives under the Company’s 2023 Stock Incentive Plan on March 1, 2024. The awards went to James C. Fish, Jr. (40,206), John J. Morris, Jr. (12,164), Devina A. Rankin (9,484) and Tara J. Hemmer (8,248).

1. 01

   The company said the Management Development and Compensation Committee of its Board granted performance share units (PSUs) to 4 executives under the Company’s 2023 Stock Incentive Plan on March 1, 2024. The awards went to James C. Fish, Jr. (40,206), John J. Morris, Jr. (12,164), Devina A. Rankin (9,484) and Tara J. Hemmer (8,248).

2. 02

   The company said it applies a cash flow generation performance measure to 50% of the PSUs and a total shareholder return measure relative to the S&P 500 to the remaining 50%. The performance calculation date is December 31, 2026, and the payout range is 0 to 200% of the target amount, plus accrued dividend equivalents.

3. 03

   The company said it granted stock options to 4 executives, covering 45,349 shares for Fish, 13,721 shares for Morris, 10,698 shares for Rankin and 9,302 shares for Hemmer. The exercise price is the fair market value on the grant date, $204.7585, and the term is 10 years. The options vest 34% on the 1st anniversary, 33% on the 2nd anniversary and 33% on the 3rd anniversary.

4. 04

   The company also said it granted annual cash incentive awards to 4 executives on March 1, 2024, with payouts ranging from 0 to 200% of the targeted amount. The performance measures are operating EBITDA, income from operations margin and internal revenue growth. Payouts may be adjusted up to 10% under the sustainability scorecard and up to 25% at the Committee's discretion based on individual performance.

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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

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