Precipio, Inc. announced on January 16, 2025, that its senior management team has elected to receive performance-based stock option awards. These options, granted on January 14, will vest only when the 10-day volume-weighted average price (VWAP) of the company’s common stock exceeds $30.30 per share.
This target represents a level five times greater than the option exercise price of $6.06, which was the closing price on January 14. The options have no time-based vesting, meaning they will not vest if the performance condition is not met.
The Compensation Committee approved this structure to incentivize senior management to maximize company performance and share price. All six members of senior management elected this performance-based vesting, reflecting their confidence in Precipio's growth potential and commitment to shareholder alignment.
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