Triumph Group, Inc. (NYSE: TGI) has granted to Daniel J. Crowley, its President and Chief Executive Officer, on April 1, 2016 two employment inducement awards, consisting of an award of 50,000 shares of time-vesting restricted stock generally vesting in four equal installments on each of the first four anniversaries of January 4, 2016, which is the date on which Crowley commenced employment with the company, and an award of 39,567 shares of time-vesting restricted stock generally vesting in three equal installments on the fifth, sixth and seventh anniversaries of January 4, 2016, the company said.
These awards were approved by the company´s compensation and management development committee without shareholder approval as “employment inducement awards” under the New York Stock Exchange rules, and are in addition to other equity compensation awards granted in the company´s shareholder-approved equity incentive plan.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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