New LTIP Metrics — screen
LSV Asset Management — top 50 holdings by position value (Q1'26 13F) · 13 names with a new metric · latest grant cycle vs. prior, metric-set diff
WHAT IT MEANS Of the 49 screened names (one position, DOX, wasn't returned by the data provider), 13 introduced a genuinely new LTIP metric in their latest grant cycle — the rest either left their metric set unchanged or only relabeled existing metrics. The clearest signal is a tilt toward balance-sheet and cash discipline: AIG added tangible book value per share, MPC added relative FCF-per-share, FDX added ROIC, and CVS added a debt-paydown ratio. A second cluster is pharma reweighting toward EPS (PFE, GILD). Several apparent 'changes' were filtered out as pure relabels (MRK, BAC, MTG, QCOM, PHM), which is where most naive screens would produce false positives.
Metric vs. prior cycle:
new
carried over
dropped
· click a column to sort
| Ticker |
Company |
Prior → latest |
# new |
Latest-cycle metric set (new highlighted) |
What it signals |
A metric is 'new' if its normalized base name (tranche-year suffixes stripped, rTSR-modifiers and gates excluded, common abbreviations canonicalized) is present in the latest metric-bearing LTIP cycle but absent from the prior one. Pure relabels (e.g. 'Non-GAAP EPS' vs 'Non-GAAP Earnings Per Share (EPS)') and 'Relative X' prefix changes were reviewed by hand and excluded as not-new.
Source: Verity (InsiderScore) long-term incentive plan data, Form DEF 14A. Describes incentive-plan design, not company quality or stock merit — not investment advice.
