GCT Semiconductor Updates Executive Retention and Severance Plan

GCT Semiconductor Holding (GCTS) just unveiled an update.

GCT Semiconductor Holding, Inc.’s Compensation Committee has updated the executive retention plan to include technical updates for new regulations and confirm the CFO’s eligibility. The amended plan outlines severance benefits for executives, providing six to twelve months of salary and health care coverage, plus accelerated vesting of equity awards, contingent on the circumstances of termination. This move realigns the subsidiary’s plan with the parent company, ensuring executives have clear incentives and protections in place.

For an in-depth examination of GCTS stock, go to TipRanks’ Stock Analysis page.