MASCO CORP /DE/ 8-K

What Happened
Masco Corporation announced on April 21, 2026 (agreement dated April 16, 2026) that Jai Shah, Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026. Under the separation agreement, Mr. Shah will receive a combination of cash and equity-related payments following his departure.

Key Details

• Separation agreement dated April 16, 2026; last day of service: July 3, 2026.
• Cash payment of $1,206,000 to be paid after conclusion of employment.
• Prorated 2026 cash bonus (based on individual target and company annual performance) and prorated cash equivalent of an annual RSU award through his last day.
• Prorated share award under the 2024–2026 Long-Term Incentive Program if performance goals are met.
• Cash payment equal to the value of remaining unvested RSUs under a March 5, 2025 retention agreement, valued based on Masco’s closing price on March 6, 2027; Mr. Shah has forfeited the actual unvested RSUs under that retention agreement.

Why It Matters
This filing documents a leadership transition in Masco’s Plumbing and Wellness segment and specifies the company’s near-term cash and equity-related obligations to the departing executive. Investors should note the defined cash payment ($1.206M) and potential additional payments that are prorated or contingent on performance/valuation timing, which can affect short-term cash outflows and future share-based compensation reporting.