Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 665

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 665
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 adjusting upward or downward from the target in a range between 50% and 250%.  No shares will be issued if the minimum performance threshold is not achieved. The final performance percentage, on which the payout will be based considering the performance metrics established for the performance period, will be certified by the Compensation Committee of the Board of Directors. 
    
   A participant’s right to any shares that are earned will cliff vest in three years.  An executive whose employment terminates prior to the vesting of any award for a reason other than death, disability, retirement, or following a change in control, will forfeit the shares represented by that award. In certain circumstances, such as death, disability, or retirement, PSUs are paid on a pro-rata basis.  In the event of a change in control, vesting of the awards granted is accelerated.
    
   A summary of the awards activity under the executive compensation program is as follows:

       Annual Component    Performance Stock Units  
      Weighted          Weighted 
   Number    Average    Aggregate    Number    Average  
   of    Exercise    Intrinsic    of    Grant Date  
   Shares    Price    Value    Shares    Fair Value  
 Non-vested, June 30, 2024   45,535  $74.85  $2,095,116   87,956  $114.41 
 Granted   6,201   120.86       38,712   148.03 
 Exercised / vested   (20,902)  71.25  $2,198,482   (44,964)  107.25 
 Forfeited   (814)  56.94       (1,072)  148.76 
 Non-vested, June 30, 2025   30,020  $86.22  $955,625   80,632  $136.83 

       50

   Restricted stock awards granted under the annual component of this program in fiscal years 2025, 2024, and 2023 had a weighted average grant date fair value of $148.03, $ $81.41, and $98.36, respectively.  The PSUs granted in fiscal years 2024