Enerpac Tool Group expands CEO Sternlieb's retirement benefits under amended agreement
EPAC•Enerpac Tool Group amended CEO Paul Sternlieb's compensation agreement, increasing severance to twice base salary and annual incentive from 1.5 times and extending welfare premium coverage to 24 months from 18.
1. Amended benefits
The agreement, amended October 26, 2026, provides retirement benefits no earlier than July 31, 2030, subject to designated notice windows, generally 180 days' notice and a release. Eligible unvested restricted stock units vest at retirement, while performance-based units continue vesting without proration based on actual performance. Sternlieb also qualifies for a full annual incentive bonus for the retirement fiscal year, based on actual company performance.
