Palladyne AI grants 1.5M shares to CEO Wolff, reducing prior cash payment to zero

Palladyne AI Corp.

Compensation committee approved restricted stock award of 1.5M shares to CEO Benjamin G. Wolff on July 2, 2025.
The award reduces the previously disclosed Cash Payment (based on 1.8M shares VWAP) to zero.
Award terms were disclosed in April 2025 proxy; stockholder-approved at June 2025 annual meeting.
Award vests on earliest of continued service through Oct 31, 2027 or a change in control.

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