ESOPApr 28, 2026, 06:07 AM
LFUS Amends Long-Term Incentive Plan, Grants Performance Shares
AI Summary
Littelfuse, Inc. has amended and restated its Long-Term Incentive Plan and is granting Performance Share Awards (PSUs) to participants. These PSUs will vest based on the Company's Relative Total Shareholder Return (TSR) Percentile over a three-year performance period, with payouts ranging from 0% to 200% of the target, capped at 100% if the company's TSR is negative. The plan includes specific provisions for vesting upon retirement, death, disability, or a change in control, and dividend equivalents will accrue subject to vesting conditions.
Key Highlights
- Grants Performance Share Awards (PSUs) under the Amended and Restated Long-Term Incentive Plan.
- Vesting is tied to Relative TSR Percentile over a 3-year Performance Period.
- Payouts range from 0% (below 25th percentile) to 200% (75th percentile or above) of target.
- Payout capped at 100% of target if Company's TSR is negative.
- PSUs may vest immediately or prorated upon retirement, death, disability, or change in control.
- Dividend equivalents accrue and are subject to the same vesting conditions as PSUs.
Price Impact
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