leadership
confidence high
sentiment neutral
materiality 0.60
nLIGHT grants 1.3M PRSUs to CEO & CFO with stock price goals $30-$40
NLIGHT, INC.
- Grants 1,200,000 target PRSUs to CEO Scott Keeney and 100,000 to CFO Joseph Corso.
- Stock price goals of $30, $35, $40 per share over a 6-year performance period.
- 50% of earned units vest on Jan 3, 2028 or later; 50% vest on Jan 3, 2029.
- No units vest if stock price never exceeds $30 during performance period.
- Also entered amended employment agreement with Keeney revising cause and good reason definitions.
item 5.02item 9.01