On June 3, 2025, The AZEK Company Inc. announced amendments to its Executive Severance Plan following an agreement with James Hardie Industries plc. The revised plan provides enhanced benefits for executives in the event of a qualifying termination within 24 months of a change in control. Key features include full vesting of equity awards granted before March 23, 2025, and partial vesting of awards granted thereafter for up to 12 months post-termination. Additionally, stock options will remain exercisable for one year after termination. Executives leaving before September 30, 2025, will receive their full annual cash incentive for fiscal year 2025, while those leaving afterward will receive a pro-rated incentive based on their departure date.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。