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SEC filingValmont Industries discloses compensation details for newly appointed Executive VP, CFO, and Corporate Secretary John Schwietz, including $525,000 base salary and incentive targets tied to 80% of base.
The disclosure under Item 5.02 details the compensation package for John Schwietz in his key role as Executive VP, CFO, and Corporate Secretary, previously reported by Valmont Industries. Approved by the Human Resources Committee, the package features a competitive base salary of $525,000, aligning with executive benchmarks. Incentive structures emphasize performance linkage: the 2026 AIP offers a target bonus of 80% of base (prorated), with a 2x cap, while LTIP awards for overlapping cycles maintain the same 80% target (prorated from promotion date) and cap. A significant equity component includes a December 2026 stock grant at 160% of base, promoting long-term alignment. The 2.5x base ownership guideline further ties executive interests to shareholder value, signaling strong governance in leadership transitions.