NN, Inc. Grants Performance Share Units to CEO, COO and CFO

What Happened

• NN, Inc. (NNBR) announced on July 23, 2026 that its Board and Compensation Committee approved performance share unit (PSU) awards to three senior executives: Harold Bevis (President & CEO), Tim French (COO) and Christopher H. Bohnert (SVP & CFO).
• Award sizes at target are 250,000 PSUs for Bevis, 140,000 PSUs for French and 110,000 PSUs for Bohnert. Payouts will range from 0% to 200% of target based on performance.

Key Details

• Grant Date: July 23, 2026. Performance periods:
  • Three operational metrics (each 25% weighting): cumulative adjusted EBITDA, free cash flow, and net sales for Jan 1, 2026 – Dec 31, 2028.
  • Relative TSR (25% weighting): company total shareholder return vs. a specified peer group over the three-year period beginning on the Grant Date and ending on the third anniversary.
• Vesting generally requires continued service through Committee certification of results; limited vesting/pro-ration applies for death, disability or a Change in Control (Change in Control uses only the TSR component for proration).
• The form of the Award Agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• These awards tie senior executive compensation to multi-year operational results and relative stock performance, aligning pay with long-term goals through 2028–2029.
• Depending on actual performance, payouts could materially increase share-based compensation (0%–200% of target), which may affect future share issuance and reported compensation expense.