LEE ENTERPRISES, Inc (LEE) Form 8-K — Aug 11, 2026
Lee Enterprises' Executive Compensation Committee approved one-time transition equity awards on August 6, 2026 for newly appointed CEO Nathan Bekke and CFO Joshua Rinehults, with target values of $1.75 million and $900,000 respectively, each split 50% performance stock units and 50% restricted stock under the 2020 Long-Term Incentive Plan. The PSUs pay out 0% to 200% of target based half on the company's 30-day VWAP stock price and half on Adjusted EBITDA, measured over a performance period ending September 2028.
Key figures
- Annual Award Mix
- 40% restricted stock / 40% performance stock units / 20% stock options
- Psu Payout Range
- 0% to 200% of target
- Transition Award Mix
- 50% performance stock units / 50% restricted stock
- Psu Performance Period End
- September 2028
- Ceo Transition Award Target
- $1.75 million
- Cfo Transition Award Target
- $900,000
- Psu Adjusted Ebitda Hurdles
- ["<$58,000,000 = 0%","$61,000,000 = 50%","$64,000,000 = 100%","$67,000,000 = 150%","$70,000,000 = 200%"]
- Ceo Annual Award Target Pct Of Base
- 300%
- Cfo Annual Award Target Pct Of Base
- 225%
- Cro Annual Award Target Pct Of Base
- 175%
- Psu Stock Price Hurdles30 Day VWAP
- ["<$7.50 = 0%","$10.00 = 50%","$15.00 = 100%","$17.50 = 150%","$20.00+ = 200%"]
Price after filing
Close on the filing date to close N calendar days later (from $8.10). Historical, not a forecast.
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