<a href="https://laohu8.com/S/XTIA">XTI</a> Aerospace Extends Option Exercise Period for CEO and RTLS Division Chief Under Amended Stock Incentive Plan
XTI Aerospace Inc. has announced an update to its employee stock option plan affecting CEO Scott Pomeroy and Soumya Das, CEO of the company's Real-Time Location System Division. The board of directors has extended the post-termination exercise period for vested stock options from three months after termination to the full expiration date of the applicable options, as long as termination is not due to death, total disability, or cause. This change applies to options granted under the 2018 Employee Stock Incentive Plan, and the same extension has been approved for independent directors. Notably, recent stock option grants include 2,621,100 options at $2.00 per share for Pomeroy and 78,000 options at $2.00 per share for Das, both vesting in part immediately and the remainder over two years.
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