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Name | Symbol | Market | Type |
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Navistar International Corp. Preferred Stock | NYSE:NAVPD | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
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Delaware
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1-9618
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36-3359573
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(State or other jurisdiction of
incorporation or organization)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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2701 Navistar Drive
Lisle, Illinois
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60532
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(Address of principal executive offices)
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(Zip Code)
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(Former name or former address, if changed since last report.)
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•
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Base Salary
. An annual base salary increase from $1,000,000 to $1,050,000.
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•
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Annual Incentive
. Mr. Clarke’s target annual incentive award and maximum annual incentive award remain unchanged at 125% of base salary and two times the target annual incentive award, respectively. For the fiscal year in which the Services Term ends, he will be entitled to a pro rata portion of the annual incentive bonus paid in a lump sum even if he is not employed by the Company on the payment date.
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Long-Term Incentive.
For the 2018 fiscal year, Mr. Clarke was granted long-term incentive awards on the Effective Date in the form of (i) an award of 40,530 stock-settled restricted stock units, (ii) 56,497 non-qualified stock options at $40.71 and (ii) a performance-based restricted cash unit award with a target amount of $2,750,000 (the “2018 LTI Awards”), in each case subject to the terms and conditions of the Company’s 2013 Performance Incentive Plan (or any successor plan) and applicable award agreements in the form that applies to other senior executives’ 2018 long-term incentive awards generally (including with respect to performance goals); provided, however, that (i) the 2018 LTI Awards will be payable on his “Qualified Retirement” and (ii) “Qualified Retirement” means, with respect to Mr. Clarke, a termination from employment with the Company that occurs for any reason after he has (A) attained age 62 and (B) completed five years of continuous service.
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(d)
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Exhibits
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The following documents are filed herewith:
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Exhibit No.
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Description of Exhibit
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10.1
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NAVISTAR INTERNATIONAL CORPORATION
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(Registrant)
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By:
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/s/ Richard E. Bond
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Name:
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Richard E. Bond
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Title:
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Corporate Secretary
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1 Year Navistar International Corp. Preferred Stock Chart |
1 Month Navistar International Corp. Preferred Stock Chart |
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