TSR definition
Examples of TSR in a sentence
The number of shares earned based on the Payout Factor, as determined above, is subject to a +/- 25% modifier based on the Company’s TSR Performance against the TSR Comparator Group over the TSR Performance Period.
The following definitions shall apply for the purpose of applying the TSR Modifiers: TSR Performance Calculation: Hasbro’s stock price change + Dividends (assumed reinvested) divided by the beginning stock price.
For Absolute TSR, the beginning stock price will be determined using the closing stock price on the last trading day before the start of the Performance Period.
The total number of shares of Common Stock which may be issuable under this Award will be equal to the product of the (i) the Target Shares and (ii) the Payout Factor set forth below, subject to adjustment for the TSR Modifiers as described below (with any fractional shares rounded up to the next whole share).
If the overall payout factor as defined above results in less than a 50% payout and if the absolute cumulative TSR achieves a minimum of 33% at the conclusion of the Performance Period, the Award will payout at the greater of (i) 50% of the target shares or (ii) the number of shares that is otherwise achieved based on the Payout Factor and the relative TSR performance.