other material
confidence high
sentiment neutral
materiality 0.55
Xos stockholders approve 2021 equity plan amendment, increasing share reserve by 1.18M shares
Xos, Inc.
- Stockholders approved Amended and Restated 2021 Equity Incentive Plan at annual meeting on June 24, 2024.
- Share reserve increased by 1,180,819 shares to 2,578,533 shares total under the plan.
- Plan includes automatic annual increase of 5% of outstanding shares on Jan 1 each year through 2031.
- Incentive stock option limit set at 2,000,000 shares; non-employee director compensation cap of $1M/year.