other material
confidence high
sentiment neutral
materiality 0.55
VirTra grants performance-based RSUs to CEO and COO; salaries increased after first comprehensive review since 2012
VirTra, Inc
- CEO Robert Ferris granted 224,133 performance-based RSUs tied to net profit targets ($2.5M-$7M in FY2022).
- COO Matthew Burlend granted 168,090 performance-based RSUs with similar performance targets.
- Base salaries raised to $349,860 (CEO) and $251,140 (COO) effective August 15, 2021.
- Also granted 14,057 restricted shares to CEO and 10,543 to COO based on trailing 12-month performance.
- This is the first comprehensive compensation review for CEO and COO since 2012.