USBC Inc announces stock option repricing and new equity grants for executives and directors
USBC Inc. has announced changes to its executive compensation, including the repricing of stock options granted on August 6, 2025. The exercise price of 48,620,000 outstanding stock options was reduced from $2.45 to $1.10 per share, reflecting the company's closing stock price as of October 7, 2025. Additionally, the board approved the issuance of new ten-year stock options totaling 55,030,000 shares at $1.10 per share, with 25% vesting between the three-month and one-year anniversary of the grant and the remainder vesting quarterly over the next three years. Key recipients include Chief Financial Officer Kitty Payne (1,960,000 options), Chief Operating Officer Kirk Chapman (7,860,000 options), and Director/Vice Chair Linda Jenkinson (5,240,000 options).
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