Company: SXI
Filing Date: 2025-09-05
Form Type: DEF 14A
Source: 0001437749-25-028442
Chunk: 38

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-09-05
Form: DEF 14A
Chunk 38
---
 closing price of the Company’s common stock on June 30, 2025 ($156.48), the closing price of the Company’s common stock on the last day of the fiscal year, and discounted by 25%. RSUs have been rounded down to the nearest whole unit. |

2025 Proxy Statement43

Long-Term Incentive Plan

In 2018, the Company, with the approval of its shareholders, adopted the 2018 Omnibus Incentive Plan (“OIP”). An amended and restated OIP was also approved by shareholders in 2021 and again in 2024. The purpose of the OIP is to align executives’ interests with those of shareholders through the annual grant of long-term equity awards. These long-term equity awards reward executives for the Company’s performance over a multi-year period. All long term incentive awards to NEOs for FY 2025 were made in August 2024 under the OIP.

OIP Structure

The FY 2025 OIP awards consist of two types of equity awards: time-vested RSUs and performance-based performance share units (“PSUs”). The Compensation Committee selected these equity vehicles for FY 2025 because each aligns the interests of our NEOs with those of our shareholders, enhances retention of our NEOs and provides the opportunity to meaningfully increase the level of stock ownership by our NEOs. In addition, the PSUs motivate our NEOs and reward achievement of financial metrics (and share performance) that are aligned to our long-term business strategy and build long-term shareholder value.

| OIP Component                    
 Restricted Stock Units (“RSUs”)  | Description                                                                                                                                                                                                                                                                                                 
 Time-based, annual pro-rata vesting over a 3-year period                                                                                                                                                                                                                                                    |
|:---------------------------------|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Performance Share Units (“PSUs”) | Cliff vest at the end of a 3-year period at 0% to 200% of award value based on pre-determined financial performance metrics, and further subject to increase or decrease of up to 25% of payout based on relative TSR performance over the performance period (for an ultimate payout range of 0% to 250%). |

Prior to FY 2025, the restricted stock component of the OIP awards were made in restricted stock awards (“RSAs”), which are time- based, annual pro-rata stock vesting over a 3-year period. The Compensation Committee approved a change from the grant of RSAs to RSUs for FY