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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Outstanding Equity Awards at 2024 Fiscal Year End
Outstanding Equity Awards at July 31, 2024
| Option Awards · Stock Awards | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Name · Number of Securities Underlying Unexercised Options Exercisable(#) · Number of Securities Underlying Unexercised Options Unexercisable(#) · Option Exercise Price($) · Option Expiration Date · Number of Shares or Units of Stock That Have Not Vested(#) · Market Value of Shares or Units of Stock That Have Not Vested($) · Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested(#) · Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units Or Other Rights That Have Not Vested($) | |||||||||||
| R.R. Shaller | 23,576 | — | $35.14 | 9/23/2026 | |||||||
| 21,295 | — | 36.85 | 9/22/2027 | ||||||||
| 22,012 | — | 43.98 | 9/25/2028 | ||||||||
| 20,137 | — | 54.05 | 9/20/2029 | ||||||||
| 25,636 | — | 39.92 | 9/30/2030 | ||||||||
| 13,664 | 6,832 | (1) | 49.79 | 9/16/2031 | |||||||
| 40,619 | 20,309 | (2) | 46.70 | 4/1/2032 | |||||||
| 1,607 | (3) | $115,077 | |||||||||
| 1,784 | (4) | 127,752 | |||||||||
| 5,428 | (5) | 388,699 | |||||||||
| 32,400 | (6) | 2,320,164 | |||||||||
| 2,897 | (7) | $207,454 | |||||||||
| 2,897 | (8) | 207,454 | |||||||||
| 10,428 | (9) | 746,749 | |||||||||
| 10,428 | (10) | 746,749 | |||||||||
| 34,705 | (11) | 2,485,225 | |||||||||
| A.E. Thornton | 4,080 | — | $35.14 | 9/23/2026 | |||||||
| 3,775 | — | 36.85 | 9/22/2027 | ||||||||
| 3,302 | — | 43.98 | 9/25/2028 | ||||||||
| 3,021 | — | 54.05 | 9/20/2029 | ||||||||
| 4,273 | — | 39.92 | 9/30/2030 | ||||||||
| 2,278 | 1,138 | (1) | 49.79 | 9/16/2031 | |||||||
| 1,334 | 2,666 | (12) | 43.50 | 9/19/2032 | |||||||
| 2,229 | (13) | $159,619 | |||||||||
| 268 | (3) | 19,191 | |||||||||
| 766 | (14) | 59,317 | |||||||||
| 6,159 | (6) | 441,046 | |||||||||
| 6,597 | (11) | $472,411 | |||||||||
| O. Bojarski | 8,175 | (15) | $585,412 | ||||||||
| 6,223 | (6) | 445,629 | |||||||||
| 6,666 | (11) | $477,352 | |||||||||
| T.F. DeBruine | 2,162 | — | $54.05 | 9/20/2029 | |||||||
| 1,556 | 777 | (1) | 49.79 | 9/16/2031 | |||||||
| — | 3,369 | (12) | 43.50 | 9/19/2032 | |||||||
| 167 | (3) | $11,959 | |||||||||
| 730 | (16) | 52,275 | |||||||||
| 920 | (14) | 65,881 | |||||||||
| 2,008 | (6) | 143,793 | |||||||||
| 823 | (9) | $58,935 | |||||||||
| Option Awards · Stock Awards | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Name · Number of Securities Underlying Unexercised Options Exercisable(#) · Number of Securities Underlying Unexercised Options Unexercisable(#) · Option Exercise Price($) · Option Expiration Date · Number of Shares or Units of Stock That Have Not Vested(#) · Market Value of Shares or Units of Stock That Have Not Vested($) · Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested(#) · Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units Or Other Rights That Have Not Vested($) | |||||||||||
| 823 | (10) | 58,935 | |||||||||
| 2,151 | (11) | 154,033 | |||||||||
| A.T. Gorman | 8,736 | — | $39.92 | 9/30/2030 | |||||||
| 4,313 | 2,156 | (1) | 49.79 | 9/16/2031 | |||||||
| 2,020 | 4,039 | (12) | 43.50 | 9/19/2032 | |||||||
| 507 | (3) | $36,306 | |||||||||
| 1,161 | (14) | 83,139 | |||||||||
| 2,875 | (6) | 205,879 | |||||||||
| 915 | (7) | $65,523 | |||||||||
| 915 | (8) | 65,523 | |||||||||
| 1,039 | (9) | 74,403 | |||||||||
| 1,039 | (10) | 74,403 | |||||||||
| 3,079 | (11) | 220,487 | |||||||||
(1)The remaining options vest on September 16, 2024.
(2)Effective April 1, 2022, Mr. Shaller was awarded 60,928 stock options as part of his appointment to President, CEO and Director. The remaining options vest on April 1, 2025.
(3)This award represents RSUs awarded on September 16, 2021 as part of the annual fiscal 2022 equity grant. The remaining units vest on September 16, 2024.
(4)Effective April 1, 2022, Mr. Shaller was awarded a one-time special equity grant of 5,354 RSUs as part of his appointment to President, CEO and Director. The remaining units vest on April 1, 2025.
(5)Effective April 1, 2022, Mr. Shaller was awarded 16,285 RSUs as part of his appointment to President, CEO and Director. This award represents Mr. Shaller's fiscal 2024 annual equity grant in which he received at an earlier grant date of April 1, 2023 to correspond with timing of his appointment to President, CEO and Director. One-half of the units vest on April 1, 2024, and the remaining units vest on April 1, 2025.
(6)This award represents RSUs awarded on October 2, 2023 as part of the annual fiscal 2024 equity grant. One third of the units vest on October 2, 2024, one-third of the units vest on October 2, 2025 and one-third of the units vest on October 2, 2026.
(7)This award represents PRSUs awarded on August 2, 2021, as part of the annual fiscal 2022 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined relative to the Company's revenue performance measured with respect to organic revenue growth over four equally-weighted performance periods. Payout opportunities will range from 0% to 200% of the target award. The amounts listed above are based on the target value of each award (100%).
(8)This award represents PRSUs awarded on August 2, 2021, as part of the annual fiscal 2022 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined by the Company's TSR relative to the S&P 600 SmallCap Industrials Index. Payout opportunities will range from 0% to 200% of the target award. The amounts listed above are based on the target value of each award (100%).
(9)This award represents PRSUs awarded on August 1, 2022, as part of the annual fiscal 2023 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined relative to the Company's revenue performance measured with respect to organic revenue growth over four equally-weighted performance periods. Payout opportunities will range from 0% to 200% of the target award. The amounts listed above are based on the target value of each award (100%).
(10)This award represents PRSUs awarded on August 1, 2022, as part of the annual fiscal 2023 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined by the Company's TSR relative to the S&P 600 SmallCap Industrials Index. Payout opportunities will range from 0% to 200% of the target award. The amounts listed above are based on the target value of each award (100%).
(11)This award represents PRSUs awarded on 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. The amounts listed above are based on the target value of each award (100%).
(12)One-half of the options vest on September 19, 2024, and the remaining options vest on September 19, 2025.
(13)Effective June 21, 2021, Ms. Thornton was awarded 4,459 RSUs for retention purposes. The remaining units vest on June 21, 2025.
(14)This award represents RSUs awarded on September 19, 2022 as part of the annual fiscal 2023 equity grant. One-half of the units vest on September 19, 2024, and the remaining units vest on September 19, 2025.
(15)Effective August 25, 2022, Mr. Bojarski was awarded 12,263 RSUs as part of his appointment as President - Identification Solutions. One-third of the units vest on August 25, 2023, one-third of the units vest on August 25, 2024 and one-third of the units vest on August 25, 2025.
(16)Effective April 11, 2022, Mr. DeBruine was awarded 2,191 RSUs when he was named Vice President of Global Operations. The remaining units vest on April 11, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.