SunPower Grants 1 Million RSUs to New CFO with Four-Year Vesting
SPWR•SPWR•SPWR•SPWR•On June 30, SunPower granted new CFO Tom Kowalczuk 1.0 million time-based restricted stock units vesting 20% after one year and ratably over the following four years. The award was approved by the board under Nasdaq Listing Rule 5635(c) without shareholder approval.
SunPower appointed Tom Kowalczuk as Chief Financial Officer on June 30, 2026 and concurrently awarded him 1.0 million time-based restricted stock units as an inducement grant under Nasdaq rules.
Twenty percent of the RSUs vest one year after the grant date, with the remaining 80 percent vesting in equal annual installments over the following four years, contingent on continuous service.
The board of directors approved the RSU award under Nasdaq Listing Rule 5635(c) without seeking shareholder approval, classifying it as an employment inducement award.
