Red Cat Holdings Inc (RCAT) has provided an update.
In a significant update for investors, the Board of Directors has set the cash and stock compensation for its independent members for the fiscal years 2025 and 2026. Independent directors, depending on their roles, will receive base annual compensation along with additional payments for committee leadership and special work, totaling up to $95,000 in cash. They are also awarded restricted stock units (RSUs) that vest over two years, with extra grants for special committee assignments, summing up to as much as 85,000 RSUs. This remuneration structure is designed to incentivize and reward the directors for their continued commitment and leadership.
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