Abacus Global Management Inc. has announced new compensation terms for its executive officers, effective immediately. The company's Compensation Committee has approved salary adjustments, raising the annual salary of CEO Jay Jackson to $500,000, CFO William McCauley to $450,000, and Presidents Sean McNealy, Scott Kirby, and Matthew Ganovsky to $350,000. Additionally, the executives will receive performance-based restricted stock units (RSUs) that will vest based on the company's 2025 performance and time. A one-time equity bonus of 2,000,000 shares will be granted to the CEO if certain market capitalization targets are met. The annual cash bonus for 2025 will also be tied to the same performance criteria as the RSUs, with potential earnings ranging from $700,000 to $1,400,000 for the CEO, $650,000 to $1,300,000 for the CFO, and $600,000 to $1,200,000 for the Presidents, based on the achievement of specified financial targets.
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