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Masco announces departure of group president Jai Shah effective July 3
Masco Corporation announced the departure of Jai Shah, Group President, Plumbing and Wellness, effective July 3, 2026. Mr. Shah will receive a cash payment of $1,206,000, a prorated 2026 cash bonus, a prorated cash equivalent of an annual restricted stock unit (RSU) award, and a share award under the 2024-2026 Long-Term Incentive Program (LTIP). The company, a $13.5 billion building products manufacturer, noted its “GOOD” financial health score and 1.92% dividend yield, trading below its InvestingPro Fair Value.