leadership
confidence high
sentiment neutral
materiality 0.65
Flora Growth Corp. enters new CEO/CFO agreements with SARs tied to share price milestones
ZeroStack Corp.
- CEO Clifford Starke base salary $420k; SARs valued at 12% of outstanding shares vest in 12 tranches tied to 50% share price increases each.
- CFO Dany Vaiman base salary $275k; SARs valued at 4% of outstanding shares vest in 8 tranches tied to 50% share price increases each.
- SARs expire 10 years from grant; exercisable only after shareholder approval at annual meeting.
- Both agreements provide severance of 1.5x base salary upon termination without cause or for good reason.
- Agreements have indefinite term and are retroactive to date of appointment as CEO/CFO.