Genasys sets CEO Danforth's FY2026 pay: $490K salary, 400K RSUs, performance bonus tied to revenue, ARR, debt

Genasys Inc.

Base salary $490,000; target cash bonus equal to 100% of base salary with max $784,000.
Grants 200,000 time-based RSUs (vest: 67,000 Dec 2026, 133,000 Dec 2027) and 200,000 performance-based RSUs.
Cash bonus metrics: revenue (30%), ARR (30%), debt repayment (40%); thresholds at debt met or 85% revenue / specified ARR.
Performance RSUs vest only if debt repayment achieved and revenue and ARR at 95%+ of target; max 200,000 shares.
Cancels prior performance-based options to purchase 800,000 shares granted to Danforth on October 8, 2022.

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