H.B. Fuller Company (FUL) has released an update to notify the public and investors about its officers.
On January 24, 2024, the H.B. Fuller Company’s Compensation Committee revised the Management Short-Term Incentive Plan (STIP), modifying performance metric weightings including the addition of EBITDA margin at 25%, and adjusting other metrics accordingly for executive officers. These changes will apply to incentives for fiscal year 2024 onwards. Alongside this, on January 22, 2024, Celeste B. Mastin’s compensation was increased, including a 5% raise in base salary, an enhancement in stock-based award targets from 375% to 550% of her salary, and an increase in STIP target incentive from 120% to 125% with a maximum of 250%.
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