Enerpac Tool Group Corp: grants performance share awards tied to SFE Group

What happened

• Enerpac Tool Group Corp reported on Oct 15, 2026 that on Oct 13, 2026 the board approved a long-term incentive program and granted performance-vesting restricted stock unit awards (PSU Awards) to certain named executive officers under the Company’s 2017 Omnibus Incentive Plan.
• The PSU Awards were granted to Darren M. Kozik ($200,000), Benjamin J. Topercer ($125,000), Noah N. Popp ($110,000) and Eric T. Chack ($75,000). Vesting is performance-based: 50% of each award vests based on net sales goals and 50% vests based on adjusted EBITDA goals for the Company’s 2028 fiscal year.

Key details

• Performance payout scale: 0% at threshold performance, 100% at target performance and 200% at maximum performance for each metric.
• Any earned shares will vest on the last day of the 2028 fiscal year, subject to the executive’s continued employment; awards include provisions for accelerated vesting in certain circumstances.
• All awards under this program will be forfeited for no consideration if the SFE Group acquisition does not close on or before Nov 30, 2026.
• The filing includes forward-looking statements regarding the closing of the acquisition, net sales growth and adjusted EBITDA growth.

Why it may matter

• This report was filed under Item 5.02, which covers departures, elections or appointments of officers or directors and compensatory arrangements of certain officers; the filing describes the compensatory arrangements (PSU Awards) approved and granted in connection with the SFE Group transaction.
• This filing does not show why the insider traded or why the company acted.