other material
confidence high
sentiment neutral
materiality 0.60
AEye (LIDR) awards 1.16M performance stock units to CEO, CFO, GC; vesting at $3-$5 share price
AEye, Inc.
- CEO Matthew Fisch awarded 834,724 PSUs; CFO Conor Tierney 208,713; GC Andrew Hughes 121,229.
- PSUs vest in thirds when 5-day avg closing price hits $3.00, $4.00, $5.00; forfeited after 12/31/2030.
- If insufficient shares under 2021 Plan, awards settle in cash based on 5-day trailing average price.
- Compensation Committee also adopted new forms of PSU and RSU agreements with cash-settlement option.