other material
confidence high
sentiment neutral
materiality 0.35
Everspin grants corrective RSUs to executives to fix prior under-allotment
EVERSPIN TECHNOLOGIES INC.
- Executive Chairman Darin Billerbeck and CEO Sanjeev Aggarwal each granted 25,802 RSUs.
- CFO Anuj Aggarwal granted 23,721 RSUs.
- Billerbeck's RSUs vest monthly over 7 months from June 1, 2022; Aggarwals' vest 25% annually over 4 years.
- Grants correct administrative error from March 14, 2022 that under-allotted RSUs.
- No new compensation beyond corrective shares.