Performance Equity Award Agreement March 21, 2011Performance Equity Award Agreement • March 24th, 2011 • Kbw, Inc. • Security brokers, dealers & flotation companies
You have been selected by the Compensation Committee of the Board of Directors (the “Board”) of KBW, Inc. (“KBW”) to receive a long term incentive award under the KBW, Inc. 2009 Incentive Compensation Plan (the “Plan”) in the form of performance equity awards (“Performance Equity Awards”) described below. The Performance Equity Awards are Other Stock-Based Awards, as defined in the Plan. Each Performance Equity Award corresponds to one share of KBW Common Stock (“Common Stock”). A Performance Equity Award constitutes a contingent and unsecured promise of KBW to pay you one share of Common Stock. As the holder of Performance Equity Awards, you have only the rights of a general unsecured creditor of KBW, including, but not limited to, any rights in respect of settlement of Performance Equity Awards and the payment of any amounts reflecting dividends or other cash distributions. You will not be a stockholder with respect to the shares of Common Stock corresponding to your Performance Equi
