Mawson Infrastructure Group Inc.
Mawson Infrastructure Group Inc.
09/09/2024 | Press release | Distributed by Public on 09/09/2024 21:06
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 9, 2024, the Company's Board granted the following equity grant awards to the following named executive officer(s):
| Name: | Role/Title: | RSU Awards(1): | Stock Options: | |||||||
| Rahul Mewawalla | Director, CEO, President | 2,500,000 | (2) |
| (1) | RSUs awards were made under and subject to the Company's 2024 Omnibus Equity Incentive Plan ("Plan") and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. |
| (2) | Restricted Stock Units (RSUs) to be vested and settled as of the following schedule: 833,333 RSUs vest and settle on May 22, 2025, 833,333 RSUs vest and settle on September 23, 2025, and 833,334 RSUs vest and settle on March 31, 2026. |