Twin Disc Introduces Omnibus Incentive Plan Pending Approval

An update from Twin Disc (TWIN) is now available.

Twin Disc, Incorporated has revamped its incentive structure with the consolidation of their 2021 and 2020 incentive plans into a new Omnibus Plan, set to incentivize a broad range of participants with diverse award options, including stock and performance-based awards. The plan, which is still pending shareholder approval, has reserved over 1.6 million shares for these incentives, with provisions for adjustments in case of stock changes. Key executives have already received pay increases and targeted bonuses, with additional grants of restricted stock units and performance stock awards, contingent on shareholder approval. The financial community should note that these forward-looking statements are based on current management expectations and are subject to uncertainties and changes in circumstances.

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