Vuzix grants 789,546 RSUs to executives and management, subject to shareholder approval; to cancel 5.36M options

Vuzix Corp

CEO Paul Travers gets 291,878 RSUs; CFO Grant Russell 118,211 RSUs; COO Peter Jameson 111,642 RSUs.
3M unvested options (Travers), 1.625M (Russell), and 270,000 (Jameson) from March 2021 grant to be surrendered and terminated.
Total of 5,359,500 options granted on March 17, 2021 to be cancelled; up to 789,546 new RSUs granted.
RSUs vest: 50% time-based after 3 years; remaining 50% up to 125% based on performance over next 3 years.
RSU grants and option cancellations are conditioned upon shareholder approval at the 2025 annual meeting.

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