Acorn Energy Awards Bonuses and New Stock Option Grants Under Amended Consulting Agreement

Reuters
Jan 21
Acorn Energy Awards Bonuses and New Stock Option Grants Under Amended Consulting Agreement

Acorn Energy Inc. has announced updated compensation arrangements for Tracy Clifford, who provides services as CFO of Acorn Energy and COO of its OmniMetrix subsidiary through Tracy Clifford Consulting, LLC. Under the new one-year consulting agreement effective January 1, 2026, Ms. Clifford will receive annualized cash compensation of $222,789. In addition, she was granted options to purchase 25,000 shares of Acorn Energy common stock at an exercise price of $19.02 per share, with one-twelfth of the options vesting immediately and the remainder vesting in eleven equal quarterly increments. The agreement includes provisions for automatic annual renewal and additional annual grants of 25,000 stock options, with a similar vesting schedule. Ms. Clifford is also eligible for six months of continued cash compensation if terminated without cause. Additionally, both Ms. Clifford and Mr. Loeb received a one-time cash bonus equal to 5% of their 2025 gross cash compensation in recognition of the successful establishment of a technology partnership between OmniMetrix and AIO Systems, Ltd.

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