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Volato Group (SOAR) has shared an update.
Volato Group, Inc.’s top executives have taken a proactive approach to cost savings by voluntarily slashing their base salaries, with significant reductions ranging from the CEO’s salary cut to just $2,400 per annum to other executives taking an average 18% decrease. To compensate for these salary cuts, the company has granted them restricted stock units (RSUs) which will vest over time, aligning executive rewards with the company’s long-term performance and their ongoing commitment to the company. This strategic move demonstrates the leadership’s commitment to the company’s financial health and their confidence in its future value.
Learn more about SOAR stock on TipRanks’ Stock Analysis page.