The latest announcement is out from Shoe Carnival (SCVL).
Shoe Carnival, Inc. has outlined the performance criteria for its fiscal 2024 Executive Incentive Compensation Plan, focusing on operating income as the key metric. Executive bonuses will range from 25% to 175% of the target amount, based on the level of performance achieved, with potential reductions due to individual performance. Executives were also granted restricted stock units and performance stock units, which vest over time and are contingent on the company’s net income per diluted share, with full vesting by March 31, 2027, assuming ongoing service with the company. Notably, certain top executives will not participate in this incentive plan.
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