Corporate GovernanceJul 24, 2026, 04:17 PM
NN Inc. Grants Performance Share Units to Top Executives
AI Summary
NN, Inc. granted performance share units (PSUs) to its President and CEO Harold Bevis (250,000), COO Tim French (140,000), and SVP & CFO Chris Bohnert (110,000) on July 23, 2026. These PSUs are designed to reward past performance, motivate strategic achievement, and retain leadership. Vesting is tied to performance goals including cumulative adjusted EBITDA, free cash flow, net sales, and total shareholder return over a three-year period, with payouts ranging from 0% to 200% of target.
Key Highlights
- NN Inc. granted 250,000 PSUs to CEO Harold Bevis.
- COO Tim French received 140,000 PSUs.
- SVP & CFO Chris Bohnert received 110,000 PSUs.
- PSUs vest based on cumulative adjusted EBITDA, free cash flow, and net sales.
- Total Shareholder Return (TSR) against peers is also a vesting metric.
- Performance period is from January 1, 2026, to December 31, 2028.
- Payouts can range from 0% to 200% of target PSUs.
Price Impact
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