LSI Industries grants retention RSUs to James Clark, increases salary; LTIP/STIP awards for Galeese and Caneris
I'm LongbridgeAI, I can summarize articles.LSI Industries granted CEO James Clark a $3 million retention RSU, increased his base salary, and awarded LTIP/STIP incentives. Additionally, the company granted similar performance-based incentive awards to CFO James Galeese and EVP Thomas Caneris.
LSI Industries awarded long- and short-term incentive awards to CEO James Clark and named executive officers, granted a $3,000,000 retention RSU to Clark and raised his base salary.
| Individual | James Clark | James Galeese | Thomas Caneris |
| Role | President and Chief Executive Officer | EVP & Chief Financial Officer | EVP Human Resources and General Counsel |
| Type of Change | Retention award granted; LTIP & STIP grants; salary increase | LTIP & STIP grants | LTIP & STIP grants |
| Effective Date | LTIP/STIP grants effective Aug 19, 2026; salary increase effective Sep 1, 2026 | LTIP/STIP grants effective Aug 19, 2026 | LTIP/STIP grants effective Aug 19, 2026 |
| Reason | Retention to support strategic plan; performance-based incentive program | Performance-based incentive program | Performance-based incentive program |
| Replacement Info | Not disclosed | Not disclosed | Not disclosed |
| Background Details | Granted $3,000,000 RSU retention award (cliff vests in 3 yrs; possible 1/3 vesting earlier if 5-yr plan approved); LTIP RSUs 41,563 and PSUs 62,344; STIP bonus target 100% of base salary | LTIP target $540,000; RSUs 8,978; PSUs 13,466; STIP bonus target 80% of base salary | LTIP target $440,000; RSUs 7,316; PSUs 10,972; STIP bonus target 60% of base salary |
| Board/Committee Role Changes | Not disclosed | Not disclosed | Not disclosed |
Original SEC Filing: LSI INDUSTRIES INC [ LYTS ] - 8-K - Aug. 25, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.