Modiv grants 774K Class X units to execs; CEO takes minimum wage salary

MODIV INDUSTRIAL, INC.

CEO Halfacre received 546,542.50 Class X units; vest on 5th anniversary; no additional equity, bonus, only min wage salary.
CFO Pacini received 65,000 Class X units; vest on 2nd anniversary.
COO Raney received 162,500 Class X units; vest on 5th anniversary.
CEO base salary set at minimum wage, not to exceed $56,485, effective by April 1, 2025.
Class X units are profits interest in OP; automatically convert to Class C units upon vesting and appreciation.

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