Innovex International Inc. has announced new compensation terms under its 2025 Long-Term Incentive Plan, approved by the Board of Directors on May 30, 2025. The plan includes a new form of restricted stock unit (RSU) award agreement and a performance unit award agreement. RSU awards are set to vest in three equal installments on April 4 of each year from 2026 to 2028, contingent on continuous employment. Performance units are tied to the company's total shareholder return and return on capital employed goals, with a three-year performance period ending December 31, 2027, allowing for vesting between 0% and 200% of the target. Additionally, in cases of qualifying termination, certain provisions allow for accelerated vesting. The agreements grant specific RSUs and performance units to key executives, including CEO Adam Anderson, CFO Kendal Reed, and President of North America Mark Reddout.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.