This retention grant is routine and not market-moving. However, given recent proxy fight materials (DEFA14A filed April 15, 2026), the grant may signal an effort to secure CEO alignment amid board contention. Monitor upcoming shareholder meeting results for any further governance shifts.
Price Chart
Executive Summary
LSB Industries granted CEO Mark T. Behrman 706,880 RSUs as a one-time retention award, cliff-vesting on March 31, 2029. The grant is a routine compensatory arrangement, filed under Item 5.02, and is neutral for the stock.
Key Facts
- 706,880 RSUs granted to Chairman, President and CEO Mark T. Behrman on April 24, 2026
- RSUs cliff vest on March 31, 2029, subject to continued service
- Accelerated vesting on qualifying termination without cause or for good reason (except in change-in-control scenarios triggering Section 10(e) lump sum, which causes forfeiture)
- Grant is under the 2025 Long-Term Incentive Plan, replacing a prior retirement vesting side letter
Financial Impact
706,880 shares at roughly $1,000 market cap implies ~0.07% dilution over 3 years, not material
Risk Factors
- Upcoming proxy contest could lead to board composition changes affecting management
- If CEO departs under certain change-in-control conditions, RSUs are forfeited rather than accelerated
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-182194 |
| Document: lxu-20260424.htm | 0001193125-26-182194 |
| Document: 0001193125-26-182194-index-headers.html | 0001193125-26-182194 |
| Document: 0001193125-26-182194-index.html | 0001193125-26-182194 |
| Document: 0001193125-26-182194.txt | 0001193125-26-182194 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 6w ago | 8-K | $11.70 $10.20 | ▼ −12.82% | ▼ −14.76% | $10.31 (−11.84%) |
Jun 1, 2026 21w ago | 8-K | $13.06 $10.64 | ▼ −18.53% | ▼ −16.96% | $10.31 (−21.02%) |
May 22, 2026 22w ago | EFFECT | $13.04 $11.13 | ▼ −14.69% | ▼ −13.27% | $10.31 (−20.90%) |
May 21, 2026 22w ago | 8-K | $13.04 $11.13 | ▼ −14.69% | ▼ −13.27% | $10.31 (−20.90%) |
May 14, 2026 23w ago | S-3 | $14.50 $11.93 | ▼ −17.72% | ▼ −19.84% | $10.31 (−28.86%) |
May 14, 2026 23w ago | S-3ASR | $14.50 $11.93 | ▼ −17.72% | ▼ −19.84% | $10.31 (−28.86%) |
Apr 27, 2026 26w ago | 8-K | $14.85 $13.36 | ▼ −10.03% | ▼ −15.50% | $10.31 (−30.54%) |
Apr 15, 2026 27w ago | DEFA14A | $14.15 $15.44 | ▲ +9.12% | ▲ +3.07% | $10.31 (−27.10%) |
Apr 7, 2026 28w ago | 8-K | $14.76 $15.30 | ▲ +3.66% | ▼ −4.89% | $10.31 (−30.12%) |
Apr 3, 2026 29w ago | 8-K | $15.00 $14.37 | ▼ −4.20% | ▼ −13.18% | $10.31 (−31.23%) |
US Market Status
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