Mama’s Creations amends incentive plan, grants CEO and CFO RSUs and PSUs

Mama's Creations, Inc.

Board approved amendment to 2021 Incentive Plan to allow stock units (RSUs and PSUs); no increase in share pool.
CEO Adam Michaels: RSUs of 185,185 (annual), 277,778 (sign-on), 46,146 (2023), and PSUs up to 1.6M shares combined.
CFO Anthony Gruber received sign-on PSUs with max payout of 540,000 shares based on stock price performance 2022-2027.
Vesting: 25% immediate for sign-on and annual RSUs; remainder over three equal annual increments.
Amendment also removed Section 162(m) performance-based exception references per TCJA repeal.

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