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World Acceptance Corp (NASDAQ:WRLD), currently trading at $151.74 and showing strong momentum with a 31% gain over the past six months, disclosed new executive compensation details today, revealing the approval of incentive-based stock awards for key personnel. According to InvestingPro data, management has been actively aligning with shareholder interests through aggressive share buybacks. On Monday, the company’s Compensation and Stock Option Committee sanctioned the distribution of service-based restricted stock and performance-based awards under the 2017 Stock Incentive Plan.
The performance shares are contingent on achieving an earnings per share target of $18.40, assessed quarterly starting September 30, 2025. This target appears ambitious considering InvestingPro analysis shows current diluted EPS at $16.30, with analysts forecasting lower earnings for the upcoming period. These shares may vest over a period stretching from July 1, 2025, to March 31, 2027, subject to the fulfillment of performance criteria and continued employment.
Restricted stock awards are set to vest in two equal annual installments, with the first vesting date scheduled for December 1, 2026. The awards’ vesting is similarly conditioned upon ongoing employment through the respective vesting dates.
The named executive officers, including CEO R. Chad Prashad and CFO John L. Calmes, Jr., are among the beneficiaries of this incentive program. Prashad is allocated 8,000 performance shares and 28,000 restricted stock shares, while Calmes, Jr. will receive 6,000 performance shares and 16,000 restricted stock shares.
This move aligns executive compensation with shareholder interests, as the incentive structure is designed to reward performance that contributes to the company’s profitability. World Acceptance Corp, a leading entity in the personal credit institutions sector with an impressive 70% gross profit margin and strong financial health score according to InvestingPro, is based in Greenville, South Carolina, and operates under stringent regulatory compliance. For deeper insights into WRLD’s valuation and growth potential, investors can access comprehensive Pro Research Reports, available exclusively on InvestingPro.
The information in this article is based on a press release statement from World Acceptance Corp’s recent SEC filing.
In other recent news, World Acceptance Corporation reported its fourth-quarter earnings for 2025, significantly surpassing analyst expectations. The company posted an earnings per share (EPS) of $8.13, well above the projected $5.20, and reported revenues of $165.3 million, exceeding the anticipated $152.46 million. Additionally, World Acceptance Corporation announced a new share repurchase program, allowing the buyback of up to $20 million of its outstanding common stock, reflecting a strategic move to return value to shareholders. The company is also piloting a new credit card product as part of its strategic shift towards smaller loans and improving its financial offerings.
During the earnings call, the company highlighted a notable 3.5% increase in its customer base and a 12.6% growth in non-refinance loan volume year-over-year. CEO Chad Prashad expressed confidence in the company’s strategic direction, emphasizing the focus on smaller loans and the development of its credit card product. The company also reported a 25% increase in tax return revenue, driven by price adjustments. Analysts noted the potential for increased share repurchases, contingent on bond negotiations, indicating a proactive approach to capital management.
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