Red Cat Holdings Inc. announced a new director compensation plan following its fiscal year transition, effective from May 1, 2025, to December 31, 2025. The plan increases the annual cash stipend for directors from $50,000 to $75,000 and boosts annual equity compensation from $75,000 to $125,000 in restricted stock units, with vesting set for April 30, 2026. Additionally, the Lead Independent Director and Audit Committee Chair will continue to receive additional stipends of $25,000 and $20,000, respectively. The company's CEO, Jeffrey Thompson, will forgo a base salary and traditional bonus, instead receiving 1,000,000 stock options vesting in a year, alongside a $125,000 discretionary bonus for a successful stock offering. A business-use vehicle is also included, capped at $1,000 per month.
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