Loop Industries Inc. has announced a new compensation agreement for its incoming Chief Financial Officer, Spencer Hart, effective January 15, 2026. Under the terms of the agreement, Mr. Hart will receive an annual base salary of USD $200,000 and will be eligible for an annual cash incentive bonus, with thresholds set at 25%, 50%, and 75% of base salary based on performance. Additionally, Mr. Hart will be granted a one-time award of 1,000,000 stock options at an exercise price of $1.02 per share. The options vest over a four-year period, with immediate vesting of any remaining unvested options if the Infinite Loop India plant achieves production of 12,500 MT of PET resin meeting customer requirements within a single quarter.

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