other
confidence high
sentiment neutral
materiality 0.35
Sonoma Pharmaceuticals grants annual options to execs and directors at $1.08 strike
Sonoma Pharmaceuticals, Inc.
- Board revised Director Compensation Plan, reducing annual director option grants to 20,000 per director.
- CEO Amy Trombly awarded 40,000 options; COO Bruce Thornton 40,000; CFO Chad White 9,753 (prorated).
- Exercise price $1.08 per share; options vest in three equal annual tranches over three years.
- Options accelerate on change of control and as provided in executive employment agreements.