Corporate GovernanceApr 28, 2026, 04:23 PM
APOG Grants Executive Officers Restricted Stock & Performance Awards
AI Summary
APOGEE ENTERPRISES, INC. (APOG) granted time-based restricted stock awards, performance share awards, and executive short-term incentive plan awards to its executive officers on April 22, 2026. The restricted stock awards vest over three years, fully by April 30, 2029. Performance awards are tied to cumulative adjusted diluted EPS and average adjusted return on invested capital over a three-year period (Feb 2026 - Mar 2029), with payouts from 0% to 200% of target. The short-term incentive plan for fiscal 2027 is based on net sales and adjusted EBITDA. All awards are subject to the company's clawback policy.
Key Highlights
- Executive officers received time-based restricted stock awards on April 22, 2026.
- Mark R. Augdahl, EVP & CFO, awarded 11,630 restricted shares.
- Brent C. Jewell, President, Architectural Glass, awarded 8,067 restricted shares.
- Restricted stock awards vest in 3 equal annual installments, fully by April 30, 2029.
- Performance share awards cover a three-year period from February 28, 2026, to March 3, 2029.
- Performance metrics include cumulative adjusted diluted EPS and average adjusted ROIC.
- Executive Short-Term Incentive Plan awards for fiscal 2027 based on net sales and adjusted EBITDA.
- Payouts for performance and STIP awards range from 0% to 200% of target values.
Price Impact
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