other material
confidence high
sentiment neutral
materiality 0.50
LifeMD grants GC Eric Yecies 375,000 restricted shares with performance milestones
LifeMD, Inc.
- 375,000 restricted shares granted; replaces 200,000 stock options ($7.55 strike) and 105,000 performance units cancelled.
- 150,000 shares time-vest: 12,500 immediately, 37,500 Nov 20, 2023, 100,000 Jan 1, 2024.
- 225,000 performance shares: $100M net revenue/5% EBITDA margin by 2025; $150M/10% by 2026; $200M/10% by 2027.
- 75,000 shares vest by CEO/Board discretion for 2023 and 2024 performance on 3/1/24 and 3/1/25.
- Unvested shares accelerate upon change of control or termination without cause/good reason.