NextPlat CEO salary raised to $450K; receives 200K fully vested shares

NextPlat Corp

CEO David Phipps annual base salary increased to $450,000 effective September 24, 2025.
One-time grant of 200,000 shares of common stock, fully vested on grant date (Sept 24, 2025).
Grant made under NextPlat 2021 Incentive Plan; shares subject to insider trading policy.
Employment Agreement amended to reflect CEO title, salary increase, and stock award; other terms unchanged.

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