Form 4: JELD-WEN Holding EVP & CFO Samantha Stoddard Reports Stock and Option Awards

Samantha Stoddard, EVP & CFO of JELD-WEN Holding, reports the acquisition of restricted stock units and stock options.

Summary

• Samantha Stoddard, EVP & CFO of JELD-WEN Holding, Inc., filed a Form 4 on February 13, 2025, reporting transactions related to the company's stock.
• On February 11, 2025, Stoddard was awarded 41,936 restricted stock units.
• These restricted stock units will vest ratably on February 11, 2026, February 11, 2027, and February 11, 2028, contingent upon continued employment with the issuer.
• Additionally, Stoddard acquired 69,382 stock options with an exercise price of $9.05.
• These options vest one-third annually over a three-year period, starting on February 11, 2026, and expire on February 11, 2035.
• Following these transactions, Stoddard beneficially owns 117,317 shares of common stock and 69,382 stock options.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which are generally viewed neutrally to positively as they align management and shareholder interests. The sentiment is slightly positive due to the incentive structure created by the vesting schedules.

Positives

• The grant of restricted stock units and stock options to the CFO aligns her interests with those of the shareholders.
• The vesting schedules for both the restricted stock units and stock options incentivize continued employment and performance.

Risks

• The value of the restricted stock units and stock options is dependent on the future performance of JELD-WEN Holding, Inc.'s stock.
• The vesting of the awards is contingent upon Stoddard's continued employment with the company.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's financial performance, but the vesting of the awards is tied to continued employment, suggesting an expectation of ongoing contributions from the executive.

Industry Context

Equity compensation is a common practice in publicly traded companies to align management's interests with those of shareholders. The specific terms of the awards (vesting schedule, exercise price) are typical for executive compensation packages.

Comparison to Industry Standards

• The vesting schedule of one-third annually over three years for stock options is a standard practice in many publicly traded companies, including comparables like Masonite International and Fortune Brands Home & Security.
• Restricted stock units vesting ratably over three years are also common, aligning with practices seen at companies such as Stanley Black & Decker.
• The exercise price of $9.05 for the stock options would need to be compared to the market price of JELD-WEN's stock at the time of the grant to assess its competitiveness.

Stakeholder Impact

• Shareholders may view the equity awards positively as they incentivize management to improve company performance.
• Employees may see the awards as a sign of the company's commitment to its executives.

Key Dates

Keywords

JELD-WEN Holding, Samantha Stoddard, EVP & CFO, Form 4, restricted stock units, stock options, beneficial ownership, vesting