Annual Machinery converts CEO compensation to stock-linked warrants

UMAC Unusual Machines Inc

$21.88 -2.15%

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1. 1Annual Machinery's (UMAC) board approved a new compensation plan that replaces CEO Alan Evans's regular salary with stock-performance-linked warrants
2. 2Evans may purchase up to 5 million shares at $25 per share through July 2031, with the warrants vesting in five tranches upon the 20-day average closing price reaching $25, $40, $60, $80, and $100
3. 3Evans forgoes cash compensation after December 31, 2026, with the overhaul taking effect January 1, 2027, and the stock has risen for two consecutive weeks

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