BERWYN, Pa.--(BUSINESS WIRE)--Apr. 4, 2016--
Triumph Group, Inc. (NYSE: TGI) today announced, in accordance
with New York Stock Exchange Rules, that it 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 Mr. 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. 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 certain other equity
compensation awards granted to Mr. Crowley on April 1, 2016 pursuant to
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. The company serves a broad, worldwide spectrum of the aviation
industry, including original equipment manufacturers of commercial,
regional, business and military aircraft and aircraft components, as
well as commercial and regional airlines and air cargo carriers.
More information about Triumph Group can be found on the company’s
website at http://www.triumphgroup.com.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President – Tax &