other material
confidence high
sentiment positive
materiality 0.65
ABAT grants CEO Melsert 2.2M performance-based RSUs with $10 stock price and revenue targets
AMERICAN BATTERY TECHNOLOGY Co
- CEO Ryan Melsert granted 2,200,000 performance-based RSUs (plus up to 1,100,000 bonus RSUs) under 2021 Equity Incentive Plan.
- Milestones include ABAT stock price ≥$10 for 60 days, revenue ≥$100M, Tonopah Flats NEPA Record of Decision, Financial Investment Decision, and offtake ≥$50M.
- Each milestone earns 440,000 RSUs; all five before 3rd anniversary triggers 50% bonus (1.1M additional RSUs).
- Earned RSUs vest pro rata over 4-year period; acceleration on certain terminations or change in control.