other material
confidence high
sentiment neutral
materiality 0.15
Farmers & Merchants Bancshares grants CEO Gary Harris 3,000 RSUs vesting over 3 years
Farmers & Merchants Bancshares, Inc.
- RSUs vest in 3 equal tranches of 1,000 shares on Sep 22, 2024, 2025, and 2026.
- Grant effective Sep 22, 2023; agreement signed Oct 24, 2023 under 2023 Equity Compensation Plan.
- No stockholder rights (voting or dividends) until settlement in common shares after each vesting.
- Award contains customary forfeiture and clawback provisions; no performance conditions attached.