ICF International Inc.
03/22/2024 | Press release | Distributed by Public on 03/22/2024 14:06
Management Change/Compensation - Form 8-K
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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On March 20, 2024, Mr. James Morgan was granted a special retention grant in recognition of his role, performance and contributions to the Company in the amount of 4,227 restricted stock units pursuant to the Company's Amended and Restated 2018 Omnibus Incentive Plan (the "Incentive Plan").
The grant, which was approved by the Human Capital Committee (the "Committee") of the Board of Directors of ICF International, Inc. (the "Company") was determined by dividing $650,000 by the average closing price per share of the Company's common stock as reported on Nasdaq for the twenty (20) trading days up to and including March 20, 2024. The restricted stock units have a three (3) year vesting term and are otherwise subject to all of the requirements of the Incentive Plan and Mr. Morgan's execution of a Restricted Stock Unit Award Agreement (the "Agreement").
The full terms of the Agreement and the Incentive Plan have previously been filed, on June 1, 2018, April 21, 2023 and March 13, 2024, respectively.