CVG grants CEO David Ruppel equity awards covering up to 2,175,614 shares
CVGI•CVG granted CEO David Ruppel equity awards covering up to 2,175,614 shares on November 9, 2026, including make-whole awards and a $1.6 million long-term incentive award.
1. Equity awards
CVG granted CEO David Ruppel awards covering up to 2,175,614 shares on November 9, 2026. Make-whole awards include 611,481 restricted shares, vesting half on November 9, 2027, and the remainder on November 9, 2028, plus performance shares totaling 384,552 at target or 769,104 maximum, tied to relative total shareholder return over 2027-2028.
2. Long-term incentive
An initial $1.6 million long-term incentive award includes 198,757 restricted shares vesting annually on March 31 from 2028 through 2030. It also includes 298,136 performance shares at target or 596,272 maximum, earned over 2027-2029 and vesting on December 31, 2029.
