Tilly’s Inc. approved an amendment to its Third Amended and Restated 2012 Equity and Incentive Award Plan, raising the maximum number of Class A shares that may be covered by awards to any one person in a calendar year to 2,500,000 shares. The company also canceled CEO Nathan Smith’s previously issued September 2025 time-based and performance-based stock options for 900,000 shares each and granted replacement options in the same amounts on identical terms, including the same exercise price, vesting conditions and dates, and expiration dates.
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