Form 4: JELD-WEN Holding EVP & CHRO Wendy A. Livingston Reports Stock and Option Awards

Wendy A. Livingston, EVP & CHRO of JELD-WEN Holding, Inc., reports the acquisition of restricted stock units and stock options.

Summary

• On February 11, 2025, Wendy A. Livingston, EVP & CHRO of JELD-WEN Holding, Inc., was granted 31,907 restricted stock units.
• These restricted stock units will vest ratably on February 11, 2026, February 11, 2027, and February 11, 2028, subject to continued employment.
• Livingston also acquired options to purchase 52,790 shares of common stock at an exercise price of $9.05 on February 11, 2025.
• These options vest one-third annually over a three-year period beginning on the first anniversary of the grant date and expire on February 11, 2035.
• Following these transactions, Livingston directly owns 77,280 shares of JELD-WEN Holding, Inc. common stock and options to purchase 52,790 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive alignment of interests between management and shareholders. The vesting schedule promotes long-term commitment.

Positives

• The grant of restricted stock units and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedules encourage long-term commitment from the executive.

Future Outlook

The vesting of the restricted stock units and stock options is contingent upon the reporting person's continued employment with the issuer.

Industry Context

Executive compensation packages often include stock options and restricted stock units to incentivize performance and align management's interests with shareholders' interests. This filing reflects a standard practice in publicly traded companies.

Comparison to Industry Standards

• Stock option grants are a common component of executive compensation packages in publicly traded companies, particularly for roles like EVP & CHRO.
• The vesting schedule of one-third annually over three years is a typical vesting arrangement.
• The exercise price of $9.05 for the options would need to be compared to the market price of JELD stock at the time of the grant to assess its competitiveness.

Stakeholder Impact

• Shareholders may view the stock and option awards as a positive incentive for the executive to drive company performance.
• Employees may see the awards as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

JELD-WEN Holding, Wendy A. Livingston, Form 4, Stock Options, Restricted Stock Units, Beneficial Ownership, Executive Compensation