other material
confidence high
sentiment neutral
materiality 0.40
LifeVantage adopts 2026 New Employee LTIP, reserving 1.5M shares for new-hire equity awards
Lifevantage Corp
- Board approved 2026 New Employee Long-Term Incentive Plan on July 31, 2026.
- Plan reserves 1,500,000 shares of common stock for issuance to new employees as inducement grants.
- Awards limited to new hires or rehires after bona fide non-employment; no incentive stock options allowed.
- Plan adopted without stockholder approval under Nasdaq Rule 5635(c)(4).
- Plan substantially similar to 2017 LTIP except no ISOs and only for eligible new employees.