Unusual Machines CEO agrees to forgo salary for performance warrants struck at $25 a share - UMAC News | RalliesUnusual Machines CEO agrees to forgo salary for performance warrants struck at $25 a share
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UMAC• New executive compensation program ties pay to stock performance
- Unusual Machines adopted a new executive compensation program effective Jan. 1, 2027, tying pay more closely to future stock performance.
- CEO Allan Evans received performance-based warrants exercisable at $25, with vesting tied to sustained closing prices from $25 to $100.
- Evans agreed to forgo base compensation in exchange for the equity award; the warrants remain subject to shareholder approval.
- Other C-level executives received stock options at the current market price, replacing restricted stock awards.
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