other
confidence high
sentiment neutral
materiality 0.50
Comp Committee waives performance criteria for phantom share vesting for President and CFO on Dec 15, 2022
NATURAL HEALTH TRENDS CORP
- Comp Committee waived performance criteria for Dec 15, 2022 phantom share vesting due to extraordinary China circumstances beyond company's control.
- Chris T. Sharng (President) to vest 15,608 phantom shares; Timothy S. Davidson (CFO) to vest 5,220.
- Amendment also covers non-employee directors' phantom share agreements; individual numbers not disclosed.
- Upon vesting, grantees receive cash equal to FMV of common stock, capped at $12.00 per share.