Power Solutions International, Inc. announced that its Board approved the 2026 Phantom Unit Plan on March 6, 2026, to incentivize eligible service providers through cash-settled Phantom Units tied to the average fair market value of the Company's common stock over 30 trading days preceding vesting dates. The Plan provides for three-year vesting with acceleration upon death, disability, or certain change in control events.
Key takeaways
Board approved Power Solutions International, Inc. 2026 Phantom Unit Plan on March 6, 2026
Phantom Units are cash-settled awards equal to average fair market value per share over 30 trading days before vesting
Phantom Units vest in three equal annual installments subject to continuous service
Accelerated vesting upon death, disability, or change in control without assumption or within 24 months post-change in control with assumption
Settlement in lump sum cash within 60 days of vesting date
Plan administered by Board or committee with full discretionary authority; governed by Delaware law