-+ 0.00%
-+ 0.00%
-+ 0.00%

CVG CEO forfeits stock-based 2025 long-term incentive award after plan share-limit breach

PUBT·04/28/2026 21:21:03
Listen to the news
CVG CEO forfeits stock-based 2025 long-term incentive award after plan share-limit breach
  • CVG cut James Ray restricted-stock grant by 85,031 shares, effective April 22, 2026, to bring total award to 720,000 shares.
  • Ray surrendered 85,031 unvested shares for no consideration.
  • Company cancelled Ray 2025 long-term incentive plan award portion settled in stock, effective April 23, 2026, citing plan share limits.
  • Cash-settled portion remains tied to three-year EBITDA or stock-price performance, with payouts ranging from $480,000 to $1.92 million.
  • Compensation committee expects to agree with Ray by June 30, 2026 on replacement compensation for cancelled stock-settled award.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CVG - Commercial Vehicle Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-027992), on April 28, 2026, and is solely responsible for the information contained therein.