Electra Enhances Employee Incentives With Stock Options And Restricted Shares
Portfolio Pulse from Benzinga Newsdesk
Electra Battery Materials Corporation (NASDAQ:ELBM) announced the issuance of 3,150,225 incentive stock options and 104,938 restricted share units to directors, officers, employees, and contractors. Additionally, the company will settle C$157,357 of earned performance-based incentive cash payments to certain non-officer employees by issuing 194,268 common shares at a deemed price of C$0.81 per share.
February 13, 2024 | 6:13 am
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Electra Battery Materials Corporation enhances employee incentives with stock options, restricted shares, and common shares issuance for performance-based incentives.
The issuance of stock options and restricted shares, along with the settlement of performance-based incentives with common shares, is a positive move that could improve employee morale and retention. This action demonstrates the company's commitment to aligning the interests of its employees with those of its shareholders, potentially leading to improved performance and stock price appreciation in the short term.
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