Key Tronic grants CEO Larsen 67,023 RSUs under 2024 incentive plan
KTCC•RSU grants and long-term incentive targets
The compensation committee granted RSUs to executives under the 2024 incentive plan:
- Brett R. Larsen: 67,023 RSUs
- Anthony G. Voorhees: 36,192 RSUs
- Philip S. Hochberg: 33,512 RSUs
The awards vest over three years with EBITDA-linked performance tranches.
The board also set 2027-2029 long-term incentive targets. Expected payouts are:
- Larsen: $400,000
- Voorhees: $190,000
- Hochberg: $150,000
Outcomes range from $0 to 150% above target.
2024 incentive plan targets and payout ranges
Key Tronic set fiscal 2027 incentive plan targets tied to company profit, with payouts as a percentage of base salary.
- CEO Brett R. Larsen payout range set at 10% to 150%.
- Anthony G. Voorhees and Philip S. Hochberg payout range set at 7% to 105%.
- Excess performance above the overachievement level triggers a bonus pool equal to 35% of profit above that level.
