Management ChangeApr 21, 2026, 08:32 AM
Masco Group President Jai Shah to Depart on July 3, 2026
AI Summary
Masco Corporation announced that Jai Shah, Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026. In connection with his departure, Mr. Shah will receive a comprehensive compensation package, including a cash payment of $1,206,000, prorated 2026 cash bonus, and a prorated cash equivalent of an annual restricted stock unit award. He will also be eligible for a prorated share award under the 2024-2026 Long-Term Incentive Program and a cash payment for remaining unvested RSUs from a previous retention incentive agreement.
Key Highlights
- Jai Shah, Group President, Plumbing and Wellness, will conclude service on July 3, 2026.
- Mr. Shah will receive a cash payment of $1,206,000.
- He will receive a prorated 2026 cash bonus and prorated cash equivalent of an annual RSU award.
- A share award under the 2024-2026 LTIP will be prorated based on employment time.
- He will receive a cash payment for remaining unvested RSUs from a March 2025 retention agreement.