Masco details exit package for executive Jai Shah

Masco Corporation reported that Jai Shah, its Group President, Plumbing and Wellness, will conclude his service with the company on July 3, 2026.

Filing Impact

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Filing Sentiment

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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.

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”)"

A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/21/2026 - 08:30 AM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 16, 2026

Masco Corporation

(Exact name of Registrant as Specified in Charter)

Delaware		1-5794		38-1794485
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

17450 College Parkway, Livonia, Michigan		48152
(Address of Principal Executive Offices)		(Zip Code)

(313) 274-7400

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $1.00 par value		MAS		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

☐

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 21, 2026, Masco Corporation (the “Company”) announced that Jai Shah, Masco’s Group President, Plumbing and Wellness, will conclude service with the Company on July 3, 2026.

The Company entered into an agreement with Mr. Shah dated April 16, 2026 in connection with his conclusion of service, which provides for the following: Pursuant and subject to the agreement, Mr. Shah will be entitled to the following compensation following the conclusion of his employment: (i) a cash payment of $1,206,000; (ii) payment of a 2026 cash bonus based on his individual target opportunity and the Company’s 2026 annual performance, prorated through his last day of employment with the Company; (iii) payment of the cash equivalent of an annual restricted stock unit (“RSU”) award based on his individual target opportunity, prorated through his last day of employment with the Company; (iv) a share award under the 2024-2026 Long-Term Incentive Program (“LTIP”), if the established performance goals for the LTIP are met, and prorated to reflect the time Mr. Shah was employed during the performance period; and (v) a cash payment equal to the value of the remaining unvested RSUs under the previously-disclosed retention incentive agreement entered into on March 5, 2025 by the Company and Mr. Shah based on Company’s closing price on March 6, 2027. In addition, under the April 16, 2026 agreement, the Company and Mr. Shah agreed that he is not entitled to and has forfeited such remaining unvested RSUs under such retention incentive agreement.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MASCO CORPORATION.

	By:	/s/ Richard J. Westenberg
	Name:	Richard J. Westenberg
	Title:	Vice President, Chief Financial
		Officer and Treasurer

April 21, 2026

Source: View Original Filing on SEC EDGAR

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