other material
confidence high
sentiment negative
materiality 0.45
Natural Health Trends waives performance criteria; 20,830 phantom shares to vest for President and CFO
NATURAL HEALTH TRENDS CORP
- Compensation Committee amended Phantom Share Agreements for President Chris T. Sharng and CFO Timothy S. Davidson.
- Performance criteria deemed satisfied for Sept. 15, 2022 vesting due to extraordinary business conditions in China.
- 15,606 phantom shares to vest for Sharng and 5,224 for Davidson (subject to continued employment).
- Grantees receive cash payment equal to stock fair market value, capped at $12.00 per share.