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Touchstone Exploration ( (TSE:TXP) ) just unveiled an update.
Touchstone Exploration Inc. has announced the grant of long-term share awards to its non-executive directors, executive officers, and key employees as part of its compensation program. The company issued 3,537,139 restricted share units (RSUs) and 3,423,974 performance share units (PSUs) under its incentive compensation plan, with RSUs vesting over three years and PSUs subject to performance targets. Additionally, 1,476,424 deferred share units (DSUs) were granted to non-executive directors, vesting immediately but redeemable only after leaving the board. This move aims to align the interests of the company’s leadership with its long-term performance goals, potentially impacting its operational focus and stakeholder confidence.
More about Touchstone Exploration
Touchstone Exploration Inc. is a Calgary, Alberta-based company involved in acquiring interests in petroleum and natural gas rights, as well as the exploration, development, production, and sale of petroleum and natural gas. The company operates primarily in onshore properties located in Trinidad and Tobago, and its shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.
For a thorough assessment of TXP stock, go to TipRanks’ Stock Analysis page.