Southland Holdings (SLND) has issued an update.
Southland Holdings, Inc.’s Board of Directors has made significant adjustments to the compensation of their executive officers, incorporating base pay changes and incentives under the Short-Term and Long-Term Incentive Plans. The short-term cash bonuses are tied to performance metrics and discretion, with potential earnings ranging from none to 165% of the target. Long-term incentives involve equity, split equally between time-based Restricted Stock Units and Performance Stock Units tied to Adjusted EBITDA goals. These adjustments reflect the company’s commitment to aligning executive rewards with performance and shareholder value.
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