Company: JBI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015724
Chunk: 63

Company: Janus International Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 63
---
 cycle, the Compensation Committee approved the grant of a one-time award of RSUs to Mr. Wong with a value of $5,000,000. The one-time award of RSUs to Mr. Wong is intended to incentivize continued future performance, to encourage retention of his services, and to further align his interests with those of the Company’s shareholders. Those RSUs will vest in three substantially equal annual installments on each of the first three anniversaries of the grant date, subject to Mr. Wong’s continued employment (or other service) through the applicable vesting dates. On December 16, 2024, the Compensation Committee approved the grant of one-time awards of PSUs to certain key employees, including Messrs. Jackson, Wong, Hodges, Nettie, and Kahler (the “One-Time PSU Award”). The One-Time PSU Award granted to Messrs. Jackson, Wong, Hodges, Nettie, and Kahler had a grant date target value of $2,000,000, $750,000, $500,000, $500,000, and $250,000, respectively. The Compensation Committee approved this One-Time PSU Award for the purposes of: (i) promoting the motivation, commitment, and focus of the grantees on achieving financial performance objectives that are important to the Company’s success, (ii) providing retention incentives for the grantees, and (iii) increasing the alignment of the interests of the grantees with the interests of the Company’s shareholders. The Compensation Committee, in consultation with Mercer, elected PSUs as the vehicle for the One-Time PSU Award and approved the One-Time PSU Award to incentivize the achievement of our long-term growth strategy. Vesting of the One-Time PSU awards granted to Messrs. Jackson, Wong, Hodges, Nettie, and Kahler on December 16, 2024 is contingent upon the Company’s level of achievement with respect to two equally-weighted performance metrics, cumulative adjusted EBITDA and cumulative revenue, measured over a two-year performance period consisting of fiscal years 2025 and 2026, as well as the grantee’s continued employment until the date of the Compensation Committee’s certification of the achievement of those performance metrics. The number of the PSUs vesting (if any) may range from 0% to 200% of the grantee’s target number of PSUs, depending on the level of performance achieved. Settlement of 2022-2024 PSUs.