other
confidence high
sentiment neutral
materiality 0.25
Modular Medical amends director comp plan; sets $10 floor for equity grants
Modular Medical, Inc.
- Outside directors get $25k annual retainer for board service; $25k for chair; $5k for committee chair.
- Annual equity award of $100k per director, paid quarterly in options or shares at director election.
- Equity grants priced using $10 floor if penultimate quarter closing price is below $10.
- Amended plan approved July 19, 2022; replaces original plan from May 2021.