Business Context and Reporting Period
Company: Centrus Energy Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: August 15, 2026
Event: Approval of a special one-time grant of performance-based restricted stock units (Performance RSUs) to executive officers and senior leaders under the Supplemental Executive Incentive Plan (2026 Plan).
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation arrangements.
| Executive Officer | Performance RSU Value (Full Achievement) |
|---|---|
| Amir V. Vexler (CEO) | $5,000,000 |
| Patrick S. Brown | $2,000,000 |
| John M.A. Donelson | $2,000,000 |
| Todd M. Tinelli | $2,000,000 |
| Neal K. Nagarajan | $1,300,000 |
Material Changes
This filing reports a new compensatory arrangement rather than a change in financial performance. The key material change is the establishment of the 2026 Plan to incentivize extraordinary efforts toward specific operational goals.
Guidance, Outlook, and Risks
- Performance Milestones: Vesting is contingent on achieving specific operational targets at the Piketon, Ohio production facility.
- CEO (Amir V. Vexler): 100% vests upon "enrichment from a first cascade" (Final Milestone).
- Other Recipients: 30% vests upon completion and receipt of the first cascade; 70% vests upon the Final Milestone.
- Cost Conditions: Vesting for non-CEO recipients is conditional on actual related costs falling within a set range.
- Forfeiture Risk: Awards are forfeited if employment terminates prior to vesting.
- Valuation: The number of units is determined by the fair market value of common stock on the grant date.
Investor Verification Checklist
- Verify the specific "set range" for actual related costs required for vesting.
- Confirm the defined "specified outside date" by which milestones must be achieved.
- Review the full terms of the 2026 Plan and award agreements in the upcoming Form 10-Q for the quarter ending September 30, 2026.
- Monitor operational updates regarding the first cascade at the Piketon, Ohio facility.