Toro Corp. has announced the adoption of a new 2025 Equity Incentive Plan, following the exhaustion of restricted shares available under its previous plan. Approved by the Board of Directors on September 26, 2025, the new plan authorizes awards of up to 3,000,000 common shares. Eligible recipients include the company's directors, officers, employees, and consultants, as well as affiliates and service providers. The plan provides for a range of share-based awards, including restricted shares and share options, as well as the possibility of cash awards.
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