other material
confidence high
sentiment neutral
materiality 0.55
USBC reprices 48.6M options to $1.10, grants 55M new options to execs
USBC, Inc.
- Board repriced 48,620,000 outstanding options from $2.45 to $1.10 per share on Oct 7.
- Granted 55,030,000 new ten-year options at $1.10, vesting over four years.
- CFO Kitty Payne had 1,790,000 options repriced and received 1,960,000 new options.
- COO Kirk Chapman had 7,140,000 options repriced and received 7,860,000 new options.
- Director Linda Jenkinson had 4,760,000 options repriced and received 5,240,000 new options.