Neogen grants CEO Nassif 414,365 target PSUs and 1,065,042 options at $5.43 strike
Neogen granted performance share units and stock options to its executive team on August 15, 2025, as part of fiscal 2026 long-term incentive pay. The grants include inducement options to new CEO Mikhael Nassif, who was appointed effective August 11, 2025. The awards tie pay to revenue growth, adjusted EBITDA margin expansion and cash flow conversion over fiscal 2026 to 2028, which the company says better aligns pay with its strategic plan.
Key points
- CEO Mikhael Nassif received 414,365 target PSUs and options to buy up to 1,065,042 shares, both granted August 15, 2025
- CFO and COO David Naemura received 230,203 target PSUs and options to buy up to 591,690 shares
- Chief Legal and Compliance Officer Amy Rocklin received 119,705 target PSUs and options to buy up to 307,680 shares
- All options have a $5.43 strike price, a ten-year term and vest ratably over three years; PSUs pay out over fiscal 2026 to 2028 with 50% threshold and 200% maximum payouts
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.