Palladyne AI Corp. Announces New Compensation Agreement for CEO Benjamin G. Wolff, Including Restricted Stock Award

Reuters

07-04

Palladyne AI Corp. Announces New Compensation Agreement for CEO Benjamin G. Wolff, Including Restricted Stock Award

Palladyne AI Corp. has announced a significant update to the compensation terms for its President and CEO, Benjamin G. Wolff. According to a recent filing with the U.S. Securities and Exchange Commission, the company has extended Wolff's employment through the end of 2027 with a new agreement that includes a unique cash payment plan. This plan is based on the value of 1.8 million shares of the company's common stock, contingent upon the stock's performance over a specified period. Additionally, a restricted stock award of 1.5 million shares granted to Wolff has effectively reduced his potential cash payment to zero. This grant was approved at the company's 2025 annual meeting and finalized by the compensation committee on July 2, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Palladyne Ai Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-093902), on July 03, 2025, and is solely responsible for the information contained therein.

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Announces New Compensation Agreement for CEO Benjamin G. Wolff, Including Restricted Stock Award\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-04 04:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Palladyne AI Corp. Announces New Compensation Agreement for CEO Benjamin G. 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