other material
confidence high
sentiment neutral
materiality 0.25
CKX Lands extends CEO Stream's term to 4 years, alters RSU vesting and performance share targets
CKX LANDS, INC.
- Term of President/Treasurer William Gray Stream's employment extended from 3 to 4 years, now expiring July 15, 2024.
- RSU vesting schedule shifted: first vesting at 2nd anniversary (was 1st), full vesting at 4th anniversary (was 3rd).
- Performance share stock price targets increased to thresholds from $12.00 to $15.00 per share with specific percentages.
- Amendment effective March 24, 2022; other terms of agreement unchanged.