NN grants CEO, COO, CFO 500,000 performance share units under 2026-28 incentive plan

Reuters2026/07/24 20:13

By:Reuters

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NN granted performance share units on July 23, 2026 to CEO Harold Bevis (250,000 target), COO Tim French (140,000), CFO Chris Bohnert (110,000).
Payout ranges from 0% to 200% of target, tied to 2026-2028 cumulative adjusted EBITDA, free cash flow, net sales, and relative TSR.
Vesting generally requires continued service through committee certification; death or disability triggers prorated vesting at target or actual performance.
Change in Control provisions shift vesting to prorated results based only on the relative TSR component.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NN Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000918541-26-000054), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NN grants CEO, COO, CFO 500,000 performance share units under 2026-28 incentive plan

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