Wyoming Restricted Stock Plan of RPM, Inc.

State:
Multi-State
Control #:
US-CC-18-200A
Format:
Word; 
Rich Text
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Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation
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FAQ

Equiniti Trust Company, LLC (EQ) is RPM International Inc.'s transfer agent, ESPP administrator, dividend disbursing agent and dividend reinvestment and direct stock purchase plan administrator.

Brokers are responsible for buying and selling securities for clients on the open market. Transfer agents are responsible for keeping an accurate record of securities ownership, including transfers, cancellations, and titling. Brokers typically earn a commission for each trade.

Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Mean Green, Krud Kutter, Concrobium, Moldex and Testors. RPM International Inc. 1947 as Republic Powdered Metals Inc. The company has approximately 15,500 employees and operates 122 manufacturing facilities around the world.

RPM made several acquisitions in 1997, the largest of which was the purchase of Tremco Inc., an industrial sealants and roofing manufacturer for $236 million. It served as the platform for the Construction Products Group, RPM's largest operating segment today.

Transfer Agent Transfer agents work for the security issuer to record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent.

A restricted stock unit (RSU) is a form of equity compensation that companies issue to employees. An RSU is a promise from your employer to give you shares of the company's stock (or the cash equivalent) on a future date?as soon as you meet certain conditions.

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Wyoming Restricted Stock Plan of RPM, Inc.