RF Industries awards FY2022 bonuses, raises salaries, grants equity to officers

R F INDUSTRIES LTD

CEO Robert Dawson gets $243,687 cash bonus; CFO Peter Yin $102,713; COO Ray Bibisi $78,435.
Base salary increases: Dawson from $435K to $445K, Yin $275K to $285K, Bibisi $210K to $220K, retroactive Jan 1, 2023.
Equity grants: Dawson 31,818 restricted shares + options for 63,636 shares at $5.59; Yin 11,364 restricted + options for 22,727; Bibisi 5,455 restricted + options for 10,909.
Options and restricted stock vest over 4 years with one-quarter vesting Jan 11, 2024, remainder quarterly over next 3 years.
Options have 10-year term, exercise price $5.59 (closing price on grant date).

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