Executive Jai Shah to leave Masco (NYSE: MAS) with exit package
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Masco Corporation reported that Jai Shah, its Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026. Under an agreement dated April 16, 2026, Mr. Shah will receive a cash payment of $1,206,000 after his employment ends.
He will also be eligible for a prorated 2026 cash bonus based on his target opportunity and Masco’s 2026 performance, plus a cash amount equal to a prorated annual restricted stock unit award. Subject to achieving performance goals, he may receive a prorated share award under the 2024-2026 Long-Term Incentive Program. He will additionally receive cash equal to the value of his remaining unvested RSUs under a prior retention incentive agreement, calculated using Masco’s closing share price on March 6, 2027, while those RSUs themselves are forfeited.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Last day of employment: July 3, 2026
Lump-sum cash payment: $1,206,000
2026 cash bonus treatment: Prorated 2026 bonus
+3 more
6 metrics
Last day of employment
July 3, 2026
Date Jai Shah concludes service with Masco
Lump-sum cash payment
$1,206,000
Cash payable to Jai Shah following conclusion of employment
2026 cash bonus treatment
Prorated 2026 bonus
Based on individual target and Masco’s 2026 performance through last employment day
Annual RSU award treatment
Prorated cash equivalent
Cash equivalent of prorated annual RSU award based on target opportunity
Retention RSU cash value date
March 6, 2027
Masco closing price date used to value remaining unvested retention RSUs in cash
LTIP performance period
2024-2026
Long-Term Incentive Program period governing potential prorated share award
Key Terms
restricted stock unit, Long-Term Incentive Program, retention incentive agreement, prorated, +1 more
5 terms
restricted stock unit financial
"payment of the cash equivalent of an annual restricted stock unit (“RSU”) award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Long-Term Incentive Program financial
"a share award under the 2024-2026 Long-Term Incentive Program (“LTIP”)"
retention incentive agreement financial
"remaining unvested RSUs under the previously-disclosed retention incentive agreement"
prorated financial
"prorated through his last day of employment with the Company"
Prorated means dividing or allocating a quantity, cost, or benefit proportionally based on the amount of time or usage involved. For example, if a service fee is paid monthly but someone uses only part of the month, the fee is adjusted to reflect the actual time used. This ensures fairness by matching costs or benefits to the actual period or amount involved, which can impact how investors evaluate expenses, returns, or value.
performance goals financial
"if the established performance goals for the LTIP are met"
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
FAQ
What executive leadership change did Masco (MAS) disclose?
Masco disclosed that Jai Shah, Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026. The company and Mr. Shah signed an April 16, 2026 agreement detailing compensation and incentive treatment related to his departure.
What cash payments will Jai Shah receive from Masco (MAS) after leaving?
Jai Shah will receive a cash payment of $1,206,000 after his employment ends. He will also receive a prorated 2026 cash bonus based on his individual target opportunity and Masco’s 2026 annual performance through his last day of employment.
How are Jai Shah’s 2026 bonus and RSU awards handled at Masco (MAS)?
His 2026 cash bonus will be prorated through July 3, 2026 and based on Masco’s 2026 performance. He will also receive the cash equivalent of a prorated annual restricted stock unit award based on his individual target opportunity through his last day.
What happens to Jai Shah’s Masco (MAS) long-term incentive and retention awards?
Jai Shah may receive a prorated share award under the 2024-2026 Long-Term Incentive Program if its performance goals are met. Under a prior retention incentive agreement, remaining unvested RSUs are forfeited, but he receives cash equal to their value using Masco’s March 6, 2027 closing price.
When is Jai Shah’s last day at Masco (MAS) and when was his agreement signed?
Masco stated that Jai Shah will conclude his service on July 3, 2026. The company and Mr. Shah entered into the departure-related agreement on April 16, 2026, specifying cash payments, bonus treatment, and equity award handling tied to his exit.