World Acceptance grants restricted stock and performance shares to executives
World Acceptance's Compensation and Stock Option Committee approved restricted stock and performance share awards on June 10, 2025, under its 2017 Stock Incentive Plan, covering employees including named executive officers. Performance shares vest only if trailing earnings per share reach a target of $18.40, and restricted stock vests in two equal annual installments starting December 1, 2026, so the grants tie executive pay to future results and continued employment.
Key points
- Performance shares vest based on trailing four-quarter earnings per share of $18.40, measured each quarter starting with the quarter ending September 30, 2025.
- The performance period runs from July 1, 2025 to March 31, 2027, and vesting requires continued employment through the end of that period.
- Restricted stock vests in two equal annual installments beginning December 1, 2026.
- R. Chad Prashad received 8,000 performance shares and 28,000 restricted shares; the filing lists grants for six other named executive officers.
The filing
Written by AI on Nov 8, 2026, 2:07 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 June 13, 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.