other material
confidence medium
sentiment neutral
materiality 0.40
Natural Health Trends grants phantom shares to President and CFO with performance-based vesting
NATURAL HEALTH TRENDS CORP
- President Chris T. Sharng granted 124,850 phantom shares; CFO Timothy S. Davidson granted 41,788 phantom shares.
- Vesting over 8 quarters (2 years) with 12.5% per quarter, subject to continuous service.
- Half vests if quarterly operating profit >= $150k; other half requires stock price appreciation and profit >= $300k.
- Maximum payout capped at $12.00 per phantom share; no dividend equivalents.
- Employee grantees must refrain from selling common stock until phantom shares fully vest or forfeit.