dividend
confidence high
sentiment neutral
materiality 0.40
Sachem Capital declares Series A preferred dividend and approves CFO compensation package
Sachem Capital Corp.
- CFO Nicholas Marcello: base salary $300k, one-time $20k payment, annual equity award $125k in restricted shares starting Jan 2025.
- Annual cash bonus up to 50% of base salary, determined by Compensation Committee.
- Series A Preferred dividend: $0.484375 per share, payable Sept 30, 2024 to holders of record Sept 15, 2024.
- Dividend covers full accrual period from June 30 through Sept 29, 2024.
- Compensation package effective September 1, 2024.