RGR Sturm Ruger & Co Inc - 8-K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

On June 1, 2026, the Board
of Directors (the “Board”) of Sturm, Ruger & Company, Inc., a Delaware corporation (the “Company”), in consultation
with and consistent with the recommendations made to the Board by the Compensation Committee thereof, adjusted the compensation of Todd
W. Seyfert, President and Chief Executive Officer of the Company, as follows: (i) base salary of $800,000 per year (“Base Salary”),
(ii) annual target cash bonus based on 100% of Base Salary, (iii) annual performance-based equity incentive compensation, with each such
equity award equal to 150% of Base Salary for the applicable period, and (iv) annual time-based equity incentive compensation, with each
such equity award equal to 150% of Base Salary for the applicable period. In connection therewith, the Board also approved the grant of
supplemental restricted stock unit awards to Mr. Seyfert to reflect the foregoing adjustment to his compensation, with vesting conditions
and dates mirroring the vesting conditions and dates contained in the executive equity awards previously granted to Mr. Seyfert on March
6, 2026.

2