Sturm Ruger (NYSE: RGR) sets updated compensation and equity awards for CEO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Sturm, Ruger & Company, Inc. updated the compensation package for President and Chief Executive Officer Todd W. Seyfert. The Board set his base salary at $800,000 per year, with an annual target cash bonus equal to 100% of base salary.
He is also eligible for annual performance-based equity incentive awards equal to 150% of base salary and annual time-based equity incentive awards equal to another 150% of base salary. The Board approved supplemental restricted stock unit awards to align with these changes, using vesting terms that match equity awards granted on March 6, 2026.
Positive
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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
CEO base salary: $800,000 per year
Target cash bonus: 100% of base salary
Performance-based equity: 150% of base salary
+3 more
6 metrics
CEO base salary
$800,000 per year
Todd W. Seyfert, President and CEO
Target cash bonus
100% of base salary
Annual CEO cash bonus opportunity
Performance-based equity
150% of base salary
Annual performance-based equity incentive
Time-based equity
150% of base salary
Annual time-based equity incentive
Grant reference date
March 6, 2026
Prior executive equity awards with mirrored vesting
Board approval date
June 1, 2026
Date Board adjusted CEO compensation
Key Terms
annual target cash bonus, performance-based equity incentive compensation, time-based equity incentive compensation, restricted stock unit awards, +1 more
5 terms
annual target cash bonus financial
"annual target cash bonus based on 100% of Base Salary"
performance-based equity incentive compensation financial
"annual performance-based equity incentive compensation, with each such equity award equal to 150% of Base Salary"
time-based equity incentive compensation financial
"annual time-based equity incentive compensation, with each such equity award equal to 150% of Base Salary"
restricted stock unit awards financial
"approved the grant of supplemental restricted stock unit awards to Mr. Seyfert"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
Compensation Committee financial
"consistent with the recommendations made to the Board by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What change did Sturm Ruger (RGR) make to its CEO compensation?
Sturm Ruger’s Board set CEO Todd W. Seyfert’s base salary at $800,000 per year and aligned his incentives. The package includes a target cash bonus at 100% of salary plus performance- and time-based equity awards each equal to 150% of salary annually.
How large is the annual cash bonus opportunity for RGR’s CEO?
The annual target cash bonus for RGR CEO Todd W. Seyfert equals 100% of his $800,000 base salary. This means his bonus opportunity matches his salary amount, with actual payout tied to performance against the company’s bonus criteria for the applicable period.
What equity incentives does Sturm Ruger (RGR) provide to its CEO?
RGR’s CEO receives two types of annual equity incentives: performance-based and time-based awards. Each equity component is sized at 150% of his $800,000 base salary, creating substantial long-term, stock-linked compensation alongside his cash salary and bonus opportunity.
What are the supplemental restricted stock unit awards for RGR’s CEO?
The Board approved supplemental restricted stock unit awards for CEO Todd W. Seyfert to reflect his updated compensation. These RSUs have vesting conditions and dates that mirror those in his executive equity awards previously granted on March 6, 2026, keeping vesting terms consistent.
Who approved the new compensation package for Sturm Ruger’s CEO?
Sturm Ruger’s Board of Directors approved Todd W. Seyfert’s updated CEO compensation on June 1, 2026. The decision was made in consultation with, and consistent with recommendations from, the Board’s Compensation Committee, which focuses on executive pay matters and related policies.