BRADY CORP
For the period ended Jul 31, 2024. Filed Sep 6, 2024.
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FY2024 · Filed Sep 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Grants of Plan-Based Awards for 2024
The following table summarizes grants of plan-based awards made during fiscal 2024 to the NEOs.
| Grant Date · Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1) · Estimated Future Payouts Under Equity Incentive Plan Awards (2) · All Other Stock Awards:Number of Shares of Stock or Units (#) (3) · All Other Option Awards:Number of Securities Underlying Options(#) · Exercise or Base Price of Stock or Option Awards($) (4) · Grant Date Fair Value of Stock and Option Awards($) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Name · Threshold ($) · Target ($) · Maximum ($) · Threshold (#) · Target (#) · Maximum (#) | ||||||||
| R.R. Shaller | $— | $874,500 | $2,623,500 | |||||
| 8/1/2023 | 8,676 | 34,705 | 69,410 | $1,775,508 | ||||
| 10/2/2023 | 32,400 | 1,775,520 | ||||||
| A.E. Thornton | — | 330,750 | 992,250 | |||||
| 8/1/2023 | 1,649 | 6,597 | 13,194 | 337,503 | ||||
| 10/2/2023 | 6,159 | 337,513 | ||||||
| O. Bojarski | — | 349,875 | 1,049,625 | |||||
| 8/1/2023 | 1,667 | 6,666 | 13,332 | 341,033 | ||||
| 10/2/2023 | 6,223 | 341,020 | ||||||
| T.F. DeBruine | — | 183,221 | 549,663 | |||||
| 8/1/2023 | 538 | 2,151 | 4,302 | 110,046 | ||||
| 10/2/2023 | 2,008 | 110,038 | ||||||
| A.T. Gorman | — | 207,000 | 621,000 | |||||
| 8/1/2023 | 770 | 3,079 | 6,158 | 157,522 | ||||
| 10/2/2023 | 2,875 | 157,550 | ||||||
(1)At its July 2023 meeting, the Committee approved the values of the annual cash incentive award threshold, target and maximums under the Company's annual cash incentive plan. The structure of the plan is described in the Compensation Discussion and Analysis above and was set prior to the beginning of the fiscal year.
(2)This award represents PRSUs granted August 1, 2023, as part of the annual fiscal 2024 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined by the Company's achievement of revenue and diluted EPS growth goals over the three-year performance period. Payout opportunities will range from 0% to 200% of the target award. Target payout is set at 100% of award value, with threshold and maximum payouts set at 25% and 200% of target award value, respectively.
(3)The RSU awards vest equally over three years.
(4)The base price for the RSU and PRSU awards is the average of the high and low prices of the Company’s Class A Common Stock as reported by the NYSE on the date of the grant.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.