DNA X grants directors $60,000 phantom-RSU cash awards tied to 2027 annual meeting or change in control - SONM News | RalliesDNA X grants directors $60,000 phantom-RSU cash awards tied to 2027 annual meeting or change in control
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SONM• Director compensation shifted to cash awards
- DNA X shifted director pay to cash awards in lieu of restricted stock units under its 2019 Equity Incentive Plan.
- The move follows an exhaustion of available common shares under the plan, blocking new RSU grants.
- Each award is sized off a $60,000 RSU-equivalent value using the stock’s fair market value on Aug. 21, 2026.
- Cash payout is tied to the stock price at vesting, triggered at the 2027 annual meeting or a change in control.
