BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas Corporation $(TRS)$ has announced a significant inducement grant for its newly appointed President and CEO, Thomas Snyder. Effective June 24, 2025, the grant includes a non-qualified stock option award for 900,000 shares and a restricted stock unit award of 152,439 units. The stock options consist of five tranches with premium exercise prices ranging from $30 to $50 per share, vesting over five years. The restricted stock units are set to vest over three years. These grants, approved by the Board and Compensation Committee, are designed to incentivize Mr. Snyder's leadership, subject to conditions such as continued employment and specific vesting terms, including provisions for termination and change in control scenarios.
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