Iqstel CEO base salary rises to $37,800 a month under amended employment terms
IQST•Amended CEO employment terms lift salary and bonuses
- Iqstel amended CEO Leandro Jose Iglesias’ employment terms on July 7, 2026, lifting his monthly base salary to $37,800 from $31,000.
- The change folds in a previously approved $6,800 monthly relocation allowance tied to Iglesias’ move to Cyprus.
- The board also authorized a two-month cash performance bonus for Iglesias tied to relocation expenses, with payment terms set by his existing contract.
- Annual performance bonuses for Iglesias and CFO Álvaro Quintana Cardona can now be paid starting 15 days after the Form 10-K filing.
- Equity incentives would shift to up to 50,000 Series B Preferred Shares annually per executive, subject to shareholder approval; FY-2025 grants were set at 20,000 and 14,000 shares.
