The Maryland Restricted Stock Plan of RPM, Inc. is an employee benefit program offered by RPM, Inc., a company based in Maryland. This plan is designed to incentivize and reward employees by granting them restricted stock units (RSS) as part of their compensation package. Through the Maryland Restricted Stock Plan, eligible employees of RPM, Inc. are granted a certain number of RSS, which represent ownership in the company. This RSS is "restricted" because they are subject to certain restrictions and vesting schedules, meaning that employees cannot immediately sell or transfer them. Under this plan, employees are typically required to meet certain criteria, such as remaining employed with the company for a specific period of time or achieving predetermined performance goals, in order to fully vest their RSS. Once the RSS have vested, employees can convert them into actual company stocks and, if they choose, sell them on the stock market. The Maryland Restricted Stock Plan of RPM, Inc. offers several advantages to employees. Firstly, it serves as a long-term retention mechanism, encouraging employees to stay with RPM, Inc. and contribute to its growth. Additionally, as the value of the RSS is tied to the company's financial performance, employees have the potential to benefit from any increase in stock value. There may be different variations or types of the Maryland Restricted Stock Plan of RPM, Inc., each tailored to specific employee groups or levels within the organization. These variations might include executive restricted stock plans, which are typically offered to senior executives and may have more generous terms and conditions. Other types could include employee stock purchase plans, where employees can purchase company stocks at a discounted price. In conclusion, the Maryland Restricted Stock Plan of RPM, Inc. is a valuable employee benefit that grants RSS to eligible employees, serving as a retention tool and aligning their financial interest with the company's success. It may offer different iterations such as executive restricted stock plans or employee stock purchase plans.
Maryland Restricted Stock Plan of RPM, Inc.
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Frank Sullivan, chairman, president and CEO of RPM International Inc., was paid the equivalent of approximately $9.05 million in the company's 2022 fiscal year, which ended May 31, ing to RPM's most recent proxy filing.
RPM was named to the venerable Fortune 500 list in 1994.
Dividend Reinvestment Plan | RPM International Inc. RPM's Dividend Reinvestment Plan offers a convenient and cost-effective way to purchase shares of RPM International Inc. common stock through optional cash investments and the automatic reinvestment of cash dividends?without paying brokerage fees and commissions.
Shares of RPM's common stock are traded on the New York Stock Exchange under the symbol RPM. The company has approximately 129 million shares of common stock outstanding. Since 1975, RPM has increased its dividend for 50 consecutive years and issued 11 stock splits.
RPM is publicly traded on the New York Stock Exchange under the symbol RPM. Its shares are owned by 824 institutions and 194,030 individual investors.
Ing to RPM International 's latest financial reports the company's current revenue (TTM) is $7.33 B. In 2022 the company made a revenue of $7.14 B an increase over the years 2021 revenue that were of $6.30 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
RPM is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 16.3% year-over-year for the current fiscal year, with sales growth of 4%.