other
confidence high
sentiment neutral
materiality 0.10
Southern First Bancshares amends equity plan to add RSU rules, delegate granting authority to CEO and President
SOUTHERN FIRST BANCSHARES INC
- Plan amendment adds administrative provisions for restricted stock unit (RSU) awards.
- Delegates to CEO and President authority to grant annual stock options on Feb 1 at fair market value.
- Delegates authority to grant awards to non-Section 16 officers, subject to board reporting.
- Standard form RSU grant notice adopted; no changes to total share reserve or existing terms.