APOG

#2577
Apogee Enterprises, Inc. - Common Stock
40.3 3 USD
-0.01%
Market Price
Settore: Industriale
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
40.33
40.33
Intervallo Annuale
30.75
50.88
Variazione giornaliera
-0.71%
Variazione Mensile
-0.30%
Variazione di 6 mesi
+3.07%
Variazione Annuale
+2.65%
Chiusura Precedente
40.6 2
Open
40.3 3
Minimo
40.3 3
Massimo
40.3 3
Volume
53
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
APOGEE ENTERPRISES, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
APOGEE ENTERPRISES, INC. current report, Q3 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2027
APOGEE ENTERPRISES, INC. quarterly report, Q1 FY2027
10-Q
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Annual report, FY2026
APOGEE ENTERPRISES, INC. annual report, FY2026
10-K

APOGEE ENTERPRISES, INC. current report, Q2 FY2024

Full document

Business Context and Reporting Period

This Form 8-K filing by Apogee Enterprises, Inc. (APOG) reports on executive compensation actions taken on May 1, 2024. The company, incorporated in Minnesota and listed on the Nasdaq, manufactures architectural framing systems and glass. The filing details the approval of time-based restricted stock, performance awards, short-term incentives, and a new equity deferral program for executive officers.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a disclosure of corporate governance and compensation arrangements rather than a financial results report.

Material Changes and Compensation Details

Time-Based Restricted Stock Awards

  • Grant Date: May 1, 2024
  • Vesting Schedule: Three equal annual installments commencing May 1, 2025 (fully vested April 30, 2027).
  • Recipients and Share Counts:
    • Ty R. Silberhorn (CEO): 19,376 shares
    • Matthew J. Osberg (CFO): 7,748 shares
    • Nicholas C. Longman (President, Architectural Framing): 5,354 shares
    • Brent C. Jewell (President, Architectural Glass): 4,366 shares
    • Curtis J. Dobler (EVP, CHRO): 3,992 shares
    • Mark R. Augdahl (CAO): 2,751 shares
  • Acceleration Provisions: Acceleration occurs upon Retirement, involuntary termination without Cause, Disability, death, or Change in Control combined with termination.

Performance Share Awards

  • Structure: 50% cash and 50% stock units.
  • Performance Period: March 2, 2024, to March 1, 2027.
  • Metrics: Cumulative adjusted diluted earnings per share and average adjusted return on invested capital.
  • Payout Range: 0% to 200% of target values based on metric achievement.

Executive Short-Term Incentive Plan (STIP)

  • Fiscal Year: 2025
  • Metrics: Consolidated or segment net sales and adjusted EBIT.
  • Payout Range: 0% to 200% of target values.

Executive Equity Deferral Program

  • Approval Date: May 1, 2024
  • Function: Allows executives to defer receipt of restricted or performance-based stock awards into deferred share units.
  • Terms: Units accrue notional dividends; payouts occur at retirement, death, or a fixed date in shares of common stock.

Guidance, Outlook, and Risks

The filing does not provide financial guidance or outlook. However, it notes that all awards are subject to the company's incentive compensation "clawback" policy. The obligations under the new Equity Deferral Program are unsecured and rank equally with other unsecured indebtedness.

Investor Verification Checklist

  • Verify the total number of shares authorized under the 2019 Stock Incentive Plan to assess remaining capacity for future grants.
  • Review the specific definitions of "Cause," "Good Reason," and "Retirement" in the award agreements to understand acceleration triggers.
  • Monitor future quarterly reports for the impact of these equity awards on diluted earnings per share.
  • Confirm the specific weighting of the performance metrics (EPS vs. ROIC) for the 2024-2027 Performance Awards, as the filing states they are weighted but does not specify the exact percentages.

Notizie