VALMONT INDUSTRIES INC
For the period ended Apr 28, 2025. Filed Mar 12, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 28, 2025 · Filed Mar 12, 2025
Contents
32 2025 Proxy Statement
(1)
The options that expire on December 16, 2026 vested in equal installments on December 16, 2020, 2021 and 2022. The options that expire on December 14, 2030 vested in equal amounts on December 14 of 2021, 2022 and 2023. The options that expire on December 13, 2031 vested in equal installments on December 13, 2022, 2023 and 2024. The options that expire on December 12, 2032 vest or vested in equal installments on December 12, 2023, 2024 and 2025. The options that expire on December 11, 2033 vest or vested in equal installments December 11, 2024, 2025 and 2026. The options that expire on December 16, 034 vest in equal installments on December 16, 2025, 2026 and 2027.
(2)
The remaining awards for these named executive officers reported in this column are RSUs which vest in equal installments over three years following date of grant and on vesting will be settled in an equal number of shares of common stock. Dividends are paid upon vesting of restricted shares.
(3)
Based on the number of shares or units at the closing market price at the end of the 2024 fiscal year ($306.54 per share).
(4)
Numbers shown are as of the Company’s fiscal year-end for 2024 and are based on the target number of PSUs which can be earned under the long-term incentive plans for the three-year periods ending in 2024, 2025 and 2026. See Compensation Discussion and Analysis for a description of the provisions of the long-term incentive plans.
(5)
Based on the target number of PSUs at the closing market price at the end of the 2024 fiscal year ($306.54 per share).
(6)
The following equity awards to Mr. Schapper did not vest by December 28, 2024 and were forfeited: (i) 6,999 RSUs, (ii) 4,672 options, (iii) 653 PSUs under the three-year plan ending 2025 and (iv) 2,032 PSUs under the three-year plan ending 2026. The following equity awards to Mr. Parnell did not vest by January 3, 2025 and were forfeited: (i) 585 RSUs, (ii) 2,234 options, (iii) 260 PSUs under the three-year plan ending 2025 and (iv) 918 PSUs under the three-year plan ending 2026.
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