other material
confidence high
sentiment neutral
materiality 0.30
Odysight.ai approves director compensation for Dr. Carlo Papa: €150K annual fees plus 30,000 options
Odysight.ai Inc.
- Annual board service fee of €30,000 for Dr. Carlo Papa.
- Additional €120,000 for chairman role at planned European subsidiary, subject to formation and board approval.
- Incentive bonus parameters to be set later; options to purchase 30,000 shares at $4.80 per share granted.
- Options vest over three years: one-third at first anniversary, then eight equal quarterly installments.
- Vesting accelerates upon a change of control; compensation replaces standard quarterly director fees.