World Acceptance Corporation Announces New Long-Term Incentive Plan with Performance-Based Stock Awards for Executives

Reuters
06-14
World Acceptance Corporation Announces New Long-Term Incentive Plan with Performance-Based Stock Awards for Executives

World Acceptance Corporation has announced a new compensation plan as part of its long-term incentive program. On June 10, 2025, the company's Compensation and Stock Option Committee approved grants of service-based restricted stock awards and service- and performance-based restricted stock awards under the 2017 Stock Incentive Plan. The Performance Shares are tied to a trailing earnings per share target of $18.40, measured quarterly starting from September 30, 2025, and are set to vest over a period ending on March 31, 2027. Restricted Stock awards will vest in two equal annual installments beginning on December 1, 2026. Key executives receiving these awards include R. Chad Prashad with 8,000 Performance Shares and 28,000 shares of Restricted Stock, and John L. Calmes, Jr. with 6,000 Performance Shares and 16,000 shares of Restricted Stock, among others.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. World Acceptance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000108385-25-000062), on June 13, 2025, and is solely responsible for the information contained therein.

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