Arkansas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The Arkansas Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program offered by RPM, Inc., a leading Arkansas-based manufacturing company. This plan provides eligible employees with the opportunity to acquire company stock as a valuable form of long-term compensation. Under the Arkansas Restricted Stock Plan, employees are granted restricted shares of RPM, Inc. stock, subject to certain conditions and limitations. The primary goal of this program is to motivate and retain talented employees, aligning their interests with the company's success and fostering a sense of ownership. One type of Arkansas Restricted Stock Plan offered by RPM, Inc. includes the Restricted Stock Unit (RSU) plan. In this plan, eligible employees receive units that convert into company stock over a specified vesting period. Upon vesting, these shares become unrestricted and can be sold or transferred at the employee's discretion, allowing them to benefit from the increases in stock value over time. Another variation of the Arkansas Restricted Stock Plan is the Performance Share Plan (PSP). Under this program, eligible employees are granted a specified number of performance-based shares, contingent upon achieving predetermined performance goals or targets. These performance metrics may be based on financial performance, market share, or other relevant indicators. Once the performance goals are met, employees receive the shares as compensation. The Arkansas Restricted Stock Plan of RPM, Inc. serves as a valuable tool in attracting and retaining top talent in the highly competitive manufacturing industry. By offering employees a stake in the company's success, it cultivates loyalty, dedication, and a shared sense of accomplishment. This program ultimately contributes to RPM, Inc.'s growth and long-term sustainability, driving shareholder value and rewarding employees for their commitment.

The Arkansas Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program offered by RPM, Inc., a leading Arkansas-based manufacturing company. This plan provides eligible employees with the opportunity to acquire company stock as a valuable form of long-term compensation. Under the Arkansas Restricted Stock Plan, employees are granted restricted shares of RPM, Inc. stock, subject to certain conditions and limitations. The primary goal of this program is to motivate and retain talented employees, aligning their interests with the company's success and fostering a sense of ownership. One type of Arkansas Restricted Stock Plan offered by RPM, Inc. includes the Restricted Stock Unit (RSU) plan. In this plan, eligible employees receive units that convert into company stock over a specified vesting period. Upon vesting, these shares become unrestricted and can be sold or transferred at the employee's discretion, allowing them to benefit from the increases in stock value over time. Another variation of the Arkansas Restricted Stock Plan is the Performance Share Plan (PSP). Under this program, eligible employees are granted a specified number of performance-based shares, contingent upon achieving predetermined performance goals or targets. These performance metrics may be based on financial performance, market share, or other relevant indicators. Once the performance goals are met, employees receive the shares as compensation. The Arkansas Restricted Stock Plan of RPM, Inc. serves as a valuable tool in attracting and retaining top talent in the highly competitive manufacturing industry. By offering employees a stake in the company's success, it cultivates loyalty, dedication, and a shared sense of accomplishment. This program ultimately contributes to RPM, Inc.'s growth and long-term sustainability, driving shareholder value and rewarding employees for their commitment.