Centrus Energy Grants $12.3M Performance RSUs to Executives

What Happened

• Centrus Energy Corp. announced on August 15, 2026 (filed August 18, 2026) that its Compensation, Nominating & Governance Committee approved a one-time grant of performance-based restricted stock units (Performance RSUs) to executive officers and certain senior leaders under a new 2026 Supplemental Executive Incentive Plan (the “2026 Plan”), adopted under the company’s 2014 Equity Incentive Plan.
• The awards vest only if the company achieves specified performance milestones (including completion/receipt of a first cascade at the Piketon, Ohio production facility and a final milestone tied to enrichment from that first cascade), and will be forfeited if a recipient’s employment terminates before vesting.

Key Details

• Named executive values (full achievement): Amir V. Vexler (CEO) $5,000,000; Patrick S. Brown $2,000,000; John M.A. Donelson $2,000,000; Todd M. Tinelli $2,000,000; Neal K. Nagarajan $1,300,000. Total listed = $12,300,000.
• Vesting structure: CEO Vexler’s award vests 100% upon achieving the final milestone (enrichment from a first cascade). Other recipients: 30% vests on completion/receipt of the first cascade at Piketon (if related costs are within a set range) and 70% vests on the final milestone.
• Awards are sized based on the company’s fair market stock price on the grant date. Award agreements and the 2026 Plan terms will be filed as exhibits in the company’s Form 10-Q for the quarter ending September 30, 2026.

Why It Matters

• This filing discloses a significant discretionary equity-based incentive aimed at aligning senior management with operational milestones tied to the Piketon production facility—milestones that are operationally specific rather than time-based.
• For investors, the grants could affect future share dilution and link executive compensation to tangible production and cost targets; the awards only pay out if defined performance and cost conditions are met, so they represent a conditional commitment rather than immediate cash or stock issuance.