Creative Global Technology Holdings Limited (CGTL) announced on January 17, 2025, that its board of directors approved the adoption of a 2024 Stock Incentive Plan. This plan is designed to provide incentives to employees, directors, and consultants of the company.
Under the newly adopted plan, the maximum number of Ordinary Shares that may be issued pursuant to awards is set at 4,287,500 Ordinary Shares. The establishment of this plan aims to align the interests of the company's key personnel with those of its shareholders.
The stock incentive plan is a common corporate governance tool used to attract, retain, and motivate talent. It provides a mechanism for long-term compensation tied to the company's performance and can impact future share count.
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