other material
confidence high
sentiment neutral
materiality 0.40
Flora Growth awards CEO Starke 575K, CFO Vaiman 192K stock appreciation rights at $0.9149 base price
ZeroStack Corp.
- Shareholders approved SARs for CEO Clifford Starke (575,319 rights) and CFO Dany Vaiman (191,773) at August 14, 2024 annual meeting.
- Exercise price is $0.9149 per right; term is 10 years with one-year post-termination exercise window.
- Vesting requires share price increases: first tranche vests at +50%, each subsequent tranche requires an additional +50% (CEO up to 600%, CFO up to 400%).
- SARs settle only in shares; no cash dividend or cash settlement rights; forfeitable if shareholder approval had not been obtained.