other material
confidence high
sentiment neutral
materiality 0.50
Vuzix grants 670,436 RSUs to CEO and CFO under 2023 Equity Plan
Vuzix Corp
- CEO Paul Travers granted 477,178 RSUs; CFO Grant Russell granted 193,258 RSUs.
- 50% of RSUs vest time-based: 1/3 each on Dec 15, 2026, 2027, 2028.
- 50% of RSUs are performance-based, may increase to up to 75% of total by Dec 31, 2028.
- Awards made under the existing 2023 Equity Incentive Plan.