Valmont Industries, Inc. has announced the compensation details for its new CEO, William E. Johnson. Johnson's base salary is set at $440,000 per year. He will also participate in the company's 2025 Annual Incentive Plan with a target of 50% of his base salary, prorated for 2025, and capped at 2x bonus target.
In addition, Johnson will take part in the Long Term Performance Share Unit (PSU) Plans for 2024-2026 and 2025-2027 with a target value of 55% of his base salary. He will also be eligible for a grant in December 2025 with a target value of 110% of his base salary as part of Valmont's long-term incentive plans.
As a part of his compensation package, Johnson will participate in Valmont’s non-qualified deferred compensation plan, VERSP 401(k) plan, and health and welfare benefit plans. Moreover, he will receive a one-time payment of $85,000 and an award of $210,000 in restricted stock units as of his start date, with three-year tiered vesting.
Furthermore, Johnson is required to meet a stock ownership guideline of 1.5x his base salary.
This announcement comes as Valmont Industries, Inc. continues to strengthen its leadership team amid changing market dynamics and business priorities. Today the company's shares have moved 2.53% to a price of $411.30. Check out the company's full 8-K submission here.
