Corporate GovernanceMay 20, 2026, 05:18 PM
Ekso Bionics Phantom PSUs Vest for Executives; Settlement Amended
AI Summary
Ekso Bionics announced that Phantom Performance-Based Restricted Stock Unit (PSU) Awards granted to executives Mr. Davis, Mr. Wong, and Mr. Jones on November 5, 2025, have vested. This vesting was triggered by the achievement of a Stock Price Goal and the occurrence of a Change in Control on May 5, 2026. The Board also amended the settlement terms, changing them from cash-only to a combination of common stock and cash for Mr. Davis, and exclusively common stock for Mr. Wong and Mr. Jones.
Key Highlights
- Phantom PSUs granted on November 5, 2025, to Mr. Davis (185,000), Mr. Wong (40,000), and Mr. Jones (32,000).
- Vesting conditions, including a Change in Control and Stock Price Goal, were achieved by May 14, 2026.
- The Board amended settlement terms from cash-only to a combination of stock and cash or stock-only.
- Mr. Davis will receive 109,357 shares of Common Stock and $1,000,000 in cash.
- Mr. Wong will receive 40,000 shares of Common Stock.
- Mr. Jones will receive 32,000 shares of Common Stock.
- Settlement (cash and shares) will occur as soon as administratively practicable, by March 15, 2027.
Price Impact
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