Management ChangeAug 6, 2026, 06:11 AM
Exyn Technologies Adjusts CEO & Non-Employee Director Compensation
AI Summary
Exyn Technologies, Inc. announced updates to its compensation arrangements for non-employee directors and its Chief Executive Officer, Brandon Torres Declet. The Board approved a new Non-Employee Director Compensation Program, including annual cash retainers, committee service retainers, and equity grants. Concurrently, CEO Brandon Torres Declet's annual base salary was increased to $482,000, with a target annual bonus of $362,000, and he was granted 109,000 stock options.
Key Highlights
- CEO Brandon Torres Declet's annual base salary increased to $482,000.
- CEO's target annual bonus set at $362,000, or 75% of his base salary.
- CEO granted 109,000 stock options, vesting monthly over four years with a one-year cliff.
- Non-employee directors receive an annual cash retainer of $40,000.
- Lead Independent Director receives an additional $20,000 annual retainer.
- Annual equity grants for non-employee directors are capped at $200,000.
- Initial equity grants for new non-employee directors are capped at $400,000.
- Four non-employee directors each received a grant of 23,200 stock options.
Price Impact
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