Clearfield (NASDAQ:CLFD) Adopts New Performance Stock Unit Award Agreement

Clearfield, Inc. (NASDAQ:CLFD) recently announced that on November 25, 2024, its Compensation Committee approved and implemented a new Performance Stock Unit Award Agreement (the “Award Agreement”) as part of the Clearfield, Inc. 2022 Stock Compensation Plan. This agreement pertains to the granting of performance-based stock units (“PSUs”) that will vest over a multi-year period based on the achievement of predetermined performance goals set by the Compensation Committee.

The Award Agreement, which signifies a significant development within the company’s compensation structure, will be utilized for granting PSUs to executive officers specifically for the fiscal year 2025 performance period. This move aims to align executive compensation with the company’s performance objectives and enhance accountability.

While the summary provided gives a brief insight into the contents of the Award Agreement, it must be noted that the complete understanding of the terms and conditions can be derived from the full text of the document. The full Award Agreement has been made available as Exhibit 10.1 in the Form 8-K filing submitted to the Securities and Exchange Commission.

The company also disclosed in the filing that there is an Interactive Data File (namely, the Cover Page Interactive Data File) included within the Inline XBRL document. This enhances transparency and accessibility to financial information for investors and regulatory purposes.

Investors and stakeholders of Clearfield (NASDAQ:CLFD) are encouraged to review the detailed Award Agreement attached to the filing for a comprehensive understanding of the performance stock unit award arrangement and its implications for the future of the company’s executive compensation structure.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Clearfield’s 8K filing here.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.