leadership
confidence high
sentiment neutral
materiality 0.45
Provectus grants ~49.5M stock options to CEO, President, CFO, CTO, directors; CFO salary raised to $200K
PROVECTUS BIOPHARMACEUTICALS, INC.
- CEO Ed Pershing receives 25,470,215 options (grant date value $3,081,896) at $0.2862 exercise price.
- President Dominic Rodrigues receives 16,146,600 options ($1,953,739); CFO Heather Raines receives 4,197,890 options ($507,945).
- CFO base salary increased from $125,000 to $200,000 effective Dec 1, 2024; new employment agreement includes change-in-control provisions.
- Options vest in three equal annual installments for officers; independent directors’ options vest immediately.
- All option grants approved by Board on Nov 18, finalized Dec 2, 2024.