Mohawk Industries shareholders have approved a new 2026 Incentive Plan following the company’s annual stockholder meeting held on May 21st.

According to the company’s filing, the plan authorizes up to 3.5 million shares of common stock for equity and cash-based awards. Those awards may be made available to employees, officers, directors, and consultants.

The incentive plan became effective the same day it was approved and is scheduled to run through May 21, 2036, unless ended earlier.

Mohawk Industries remains one of the major manufacturing names connected to Northwest Georgia’s floor covering industry.