Fuel Tech sets performance RSU targets for 2023-2024; approves change-of-control severance for officers

FUEL TECH, INC.

CEO Vincent Arnone eligible for up to 166,800 RSUs per year (2023/2024) based on four metrics.
Total revenue targets: $34.7M in 2023, $36.44M in 2024 for 100% of revenue RSUs.
New business revenue targets: $1.0M in 2023, $3.0M in 2024 for 100% of new business RSUs.
Operating income targets: $1.0M in 2023, $2.0M in 2024 for 100% of operating income RSUs.
Severance provides 12 months' base salary plus 6 months COBRA after change of control if terminated without cause.

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